{"id":7921,"date":"2012-02-13T14:02:22","date_gmt":"2012-02-13T12:02:22","guid":{"rendered":"http:\/\/www.myza.co.za\/02\/update-1-rohatyn-says-to-buy-majority-stake-in-capasia\/"},"modified":"2012-02-13T14:02:22","modified_gmt":"2012-02-13T12:02:22","slug":"update-1-rohatyn-says-to-buy-majority-stake-in-capasia","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-rohatyn-says-to-buy-majority-stake-in-capasia\/","title":{"rendered":"UPDATE 1-Rohatyn says to buy majority stake in CapAsia"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* CapAsia has raised more than $500 mln capital<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* CapAsia has more than $400 million AUM<\/p>\n<p><span><\/span><\/p>\n<p>* Stake sale comes as banks jettison private equity assets<\/p>\n<p><span><\/span><\/p>\n<p>* Agreement follows Rohatyn deal for 50 pct of ARCH Capital<\/p>\n<p><span><\/span><\/p>\n<p>By Stephen Aldred<\/p>\n<p><span><\/span><\/p>\n<p>HONG KONG, Feb 13 (Reuters) &#8211; U.S.-based private asset<br \/>\nmanagement firm Rohatyn Group said on Monday that it has agreed<br \/>\nto acquire 60 percent of CapAsia, the private equity arm of<br \/>\nMalaysia&#8217;s CIMB Group Holdings Bhd.<\/p>\n<p><span><\/span><\/p>\n<p>Financial details of the transaction were not disclosed.<\/p>\n<p><span><\/span><\/p>\n<p>Singapore-based mid-market fund CapAsia has raised more than<br \/>\n$500 million in capital commitments across three funds,<br \/>\nincluding an Islamic fund, and has more than $400 million in<br \/>\nassets under management.<\/p>\n<p><span><\/span><\/p>\n<p>CIMB&#8217;s sale of a stake in CapAsia comes as banks are turning<br \/>\noff commitments to new private equity funds and jettisoning<br \/>\nexisting assets, anticipating regulation that makes holding<br \/>\nprivate equity assets more costly.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* CapAsia has raised more than $500 mln capital * CapAsia has more than $400 million AUM * Stake sale comes as banks jettison private equity assets * Agreement follows Rohatyn deal for 50 pct of ARCH Capital By Stephen Aldred HONG KONG, Feb 13 (Reuters) &#8211; U.S.-based private asset management firm Rohatyn Group said [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-7921","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7921","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=7921"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7921\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7921"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7921"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}