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CCMP CAPITAL ASIA OFFERS $1.75 FOR REPCO SHARESCCMP Capital Asia (CCMPA) has today entered into an Implementation Deed with Repco Corporation Limited (Repco), pursuant to which funds managed by CCMPA (CCMPA Funds) intend to acquire for cash all of the shares in Repco at a price of $1.75 per share. CCMP Funds special-purpose company, CCMP Acquisition Co. Pty Ltd, proposes to acquire the shares by means of a Scheme of Arrangement requiring the approval of the Court and Repcos shareholders. CCMPA partner, Mr Stephen King said: The offer represents a significant premium and in our view is the most certain way for shareholders to realise value in the business. Repco faces a number of challenges which we believe are best tackled under private ownership. We are aiming to give the company the focus, patience and additional investment required to recapture its long-term potential. CCMPA believes the offer is highly attractive to Repco shareholders, representing a premium of: �� 32.6% to Repcos closing share price of $1.32 on 6 December, 2006 (being the date prior to takeover speculation concerning the company); �� 32.6% to the volume weighted average price of Repcos shares from and including 28 August 2006 (being the date Repco released its results for the year ending 30 June 2006) up to and including 6 December 2006. The proposed consideration values Repco, on an enterprise value basis, at approximately $570 million (based on Repcos net debt position as at 30 September 2006) which equates to 8.6x normalized earnings before interest, tax, depreciation and amortisation for the year ending 30 June 2006. About CCMPA CCMPA, formerly known as JP Morgan Partners Asia, is one of the largest and most experienced financial sponsors in Asia, and also one of the most active funds in the Australian market. CCMPAs first fund, the US$1.1 billion Asia Opportunity Fund (AOF I), was closed in 2000 and was one of the first pan-Asia leveraged buyout oriented investment funds raised for the region. The Asia Opportunity Fund II (AOF II) was closed in August of 2005 at US$1.6 billion. CCMPA has invested in 23 companies in the Asia-Pacific region to date, with total transaction value of over US$10 billion. The commitments are spread across Asia in CCMPAs focus markets of Australia, Japan, Korea, Greater China, and Singapore. Further information can be found at www.ccmpasia.com CCMPA has engaged Citigroup Corporate and Investment Bank as financial advisor and Baker & McKenzie as legal advisor. Further information: Media enquiries should be directed to: Stuart Barton Gavin Anderson Ph: +61 404 054 857 回到新闻主页 |
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CCMP亚洲投资基金建立于2005年10月。本公司的管理团队曾经运营和管理摩根大通亚洲投资基金, 也就是摩根大通集团私募股权投资部门。这里展示的历史信息和记录反映了CCMP 亚洲投资基金的人员在管理摩根大通亚洲投资基金中所做的一些工作。这里所述的一切并不构成任何销售要约或做出任何投资抑或购买对任何投资媒体的证券的要约。 © 2006 CCMP亚洲投资基金 保留一切权利 |
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