giddy.org|
giddy.org |
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Workshop on Structured Finance Structured Finance:
See Also: DBS Workshop on Corporate Financial Restructuring Background Materials on Corporate Finance Financial
Restructuring in Asia: Issues and Opportunities
Related websites:
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The Mando Leveraged Buy-Out Jan 6,
2000 - Chase Asia Equity Partners announced that it and UBS Capital
had jointly purchased South Korea's Mando Machinery Corp for $446 million.
In the transaction, Chase and UBS purchased three of Mando's five plants
in South Korea through a leveraged acquisition. Chase said in a statement
the total purchase price of $446 million was funded with $167 million of
equity from the investors and a 316 billion won ($279 million) bridge loan
facility from Korean financial institutions. The won-denominated bridge
loan facility will be refinanced in early 2000 by a committed term loan
facility, it said. Mando sold its plant in Ansan, which produces air conditioners,
to a foreign investment consortium led by UBS Capital in September.
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