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HONG KONG, September 16 (Reuters) - News and developments inAsia private equity from Reuters News for the week ending Sept.13.
SEPTEMBER 13
SINGAPORE'S STATE investor Temasek Holdings Pte Ltd has appointed Wu Yibing, a senior executive from China's biggestbrokerage firm CITIC, to head its China business, which accountsfor about a fifth of its $170 billion portfolio.
KKR & CO LP is considering teaming up with astate-backed Japanese investment fund to secure a stake inPanasonic Corp's healthcare business, media reported,although people familiar with the matter said the U.S. firm hasnot approached the fund yet.
CHINESE POLICE have detained outspoken and well-knownventure capitalist Wang Gongquan for questioning, a fellowactivist said, after he helped lead a campaign for the releaseof another activist, as the government tightens a crackdown ondissent.
CHINA'S LARGEST technology outsourcing company, PacteraTechnology International Ltd, said Blackstone Group LP and the company's management reduced their offer to takethe company private, citing its weakening financial performance.
PRIVATE EQUITY firm Advent International and an Asianpartner have agreed to take a large stake in coffee and tearetailer, The Coffee Bean & Tea Leaf.
SEPTEMBER 11
ANCHORAGE CAPITAL Partners is exploring a potential IPO forAustralian retailer Dick Smith Electronics and has appointedGoldman Sachs and Macquarie Group to advise iton a listing and other strategic options, sources familiar withthe matter said.
CHINA PRIVATE equity firm CITIC Capital is raising two loanstotalling HK$1.65 billion ($212.8 million), Basis Point reportedciting sources.
SEPTEMBER 10
JAPANESE RECRUITMENT giant Recruit Holdings Co is in talksto buy Australian online jobs portal Freelancer.com for $400million, a source close to the deal said, declining to beidentified as the information was confidential.
SEPTEMBER 9
CHINESE BANKS have a colossal mess of bad debts to clean upfor the second time in as many decades, but they are unlikely tocall in the financial world's most efficient mop and broom.
SOUTHEAST ASIA private equity firm Navis Capital Partnerssaid it has acquired Australia-based private childcare operatorGuardian Early Learning Group for an undisclosed sum. Localmedia valued the deal at around A$120 million. ()
ACQUISITIVE NON-BANK lender Pepper Australia is vying to buyassets with a net book value estimated at around A$1 billion($919.45 million) from Britain's Lloyds Banking Group as it looks to sell down in Australia, banking sources.
