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CCMP and PEP acquire Independent LiquorCCMP Capital Asia ("CCMPA") and Pacific Equity Partners ("PEP") today announced their 50:50 joint acquisition of Independent Liquor. CCMPA's Stephen King and PEP's Simon Pillar said: Independent Liquor is a strongly positioned business in both New Zealand and Australia and we're delighted to be working with an excellent management team to continue to grow the business and build on its successes to date. The transaction is due to be completed in late January. CCMPA was advised by ANZ Investment Bank. PEP was advised by First New Zealand Capital. For further information:
About CCMP Capital Asia CCMP Capital Asia, 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. CCMPA's 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. Asia Opportunity Fund II ("AOF II") was recently 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 CCMPA's focus markets of Australia, Japan, Korea, Greater China and Singapore. In Australia, CCMPA's investments include Waco International, Godfreys Group and Air International. Further information about CCMP Capital Asia can be found at www.ccmpasia.com About PEP PEP is the largest and most active private equity fund in Australia and New Zealand, providing strategic management experience and capital resources to grow companies in a range of business situations. Key Facts:
Recent investments: In the past 18 months, PEP has acquired the following businesses: Guardian Healthcare: the leading aged care provider in New Zealand; unlisted public company Emeco International: earthmoving equipment in Australia and worldwide; family owned Collins Foods (formerly Worldwide Restaurant Concepts): fast food restaurants in Australia, the US and Asia; US listed public company Link Market Services (formerly ASX Perpetual Registrars): registry business; joint venture between two Australian listed public companies Tegel Foods: New Zealand poultry processing and marketing business Vision Fire & Security: global leader in specialised fire detection and video security systems Griffin's Foods: market-leading biscuit and snack-food company in New Zealand Recent divestments: During the past 18 months PEP has announced the divestment of the following companies:
PEP has a lead role in the $1.6 billion privatisation of Flight Centre. The deal is pending shareholder approval in the New Year. Further information about PEP can be found at www.pep.com.au. Back to Press Releases |
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CCMP Capital Asia Ltd. was formed in October 2005. Previously, the firm's management team operated and managed J.P. Morgan Partners Asia, a private equity affiliate of JPMorgan Chase & Co. The historical information and biographies presented reflect the activities of CCMP Capital Asia professionals while managing J.P. Morgan Partners Asia. Nothing contained herein constitutes an offer to sell or a solicitation of an offer to purchase any investments or securities of any investment vehicles. © 2006 CCMP CAPITAL ASIA LTD. All rights reserved. |
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