December 18, 2014 2:24 AM ET

Capital Markets

Company Overview of Standard Chartered Private Equity Limited

Company Overview

Standard Chartered Private Equity Limited is a private equity and venture capital arm of Standard Chartered PLC specializing in mid to late stage companies and middle market companies. It invests in balance sheet restructuring, expansion and growth capital, acquisitions or management buyouts, and mezzanine. It does not invest in early state companies. The firm makes investments across a range of industries except Military and tobacco. It targets investments in companies whose principal operations and management are located in Greater China, Korea, South East Asia, Sub-Saharan Africa, the Middle East, and India. The firm typically, invests between $10 million and $100 million in a single tran...

Key Executives for Standard Chartered Private Equity Limited

Global Chief Executive Officer
Age: 47
Director Africa Private Equity
Co-Head of Private Equity
Managing Director
Director and Head of West Africa Private Equity
Compensation as of Fiscal Year 2014.

Standard Chartered Private Equity Limited Key Developments

Birla Shortlists PE Companies For Retail Company Stake

Aditya Birla Management Corporation Pvt. Ltd. has short-listed L Capital Management SAS, General Atlantic LLC, GIC Pte. Ltd. and Standard Chartered Private Equity Limited to raise $400 million for its consolidated retailing business unit, two people directly familiar with the matter said. Birla will raise $200 million each from two investors in the coming weeks, which values the new retail company at $2.2 billion in enterprise valuation, they added. It was reported in July 2014 that Birla had mandated Standard Chartered Bank to sell stake in the unit that's being created through a merger of Madura Fashion & Lifestyle, Pantaloons and More supermarkets. The four investors are completing due diligence process before Birla decides on the eventual picks. The chosen investors and their investment plan will be built into the scheme of merger being prepared for the three group companies. As part of the plan, Madura will be subsidiarized with public shareholding. Pantaloons and More will be merged with the demerged Madura subsequently. Several foreign investors had looked at the stake-buy opportunity but the aforesaid four names remain in the process. A source said one more sovereign wealth fund might still be in the fray. This could not be confirmed independently.

KT Rental Sale Attracts Interest

The sale of KT Rental Co., Ltd. has attracted various companies and funds both domestic and international. KT Corp. (KOSE:A030200) announced earlier that it is planning a stake sale in KT Rental. It mandated Credit Suisse as the financial advisor for the sale. Local M&A sector sources were cited as saying that among the local companies showing interest in the stake sale are Hankook Tire Co., Ltd. (KOSE:A161390), SK Networks Company Ltd. (KOSE:A001740), GS Holdings Corp. (KOSE:A078930), AJU Group and Hyundai Department Store Co., Ltd. (KOSE:A069960). From abroad it was reported that Kohlberg Kravis Roberts & Co. L.P. (NYSE:KKR) and Affinity Equity Partners are currently reviewing the potential acquisition. Industry sources were also cited as saying that The Carlyle Group LP (NasdaqGS:CG), Standard Chartered Private Equity Limited, HH&Q Asia Pacific, Ltd, and Hahn & Company could possibly emerge as bidders.

CCD’s Non-Consumer Business May Be Hived Off

V G Siddhartha may demerge Cafe Coffee Day’s (CCD) non-consumer businesses. According to sources close to the matter, the V G Siddhartha is looking for a public listing of coffee retailing operations by early 2015 and could possibly demerge the non-consumer businesses. He has attracted investors including Kohlberg Kravis Roberts & Co. (NYSE:KKR) (KKR), New Silk Route and Standard Chartered Private Equity Limited in the entity. Coffee Day Resorts Private Limited is likely to be renamed as part of the preparations for the listing. According to data from the ministry of corporate affairs, V G Siddhartha and his wife own a 59% stake in the company, with the three big global investors owning 32.95%. Another foreign investor owns 3.51% while other family members holding the remaining shares. In May 2014, Bloomberg reported that V G Siddhartha was considering an IPO (Initial Public offering) and formed a committee to explore all options regarding listing. A source stated, “But we have said that Coffee Day is a big Indian consumer brand, and should ideally be listed on domestic exchanges.” The news report stated that KKR, New Silk Route and Standard Chartered had valued the holding company at around $575 million.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 21, 2014
Salamander Energy plc
Private Placement
October 16, 2014
Omni Centre Pte. Ltd.
Merger/Acquisition
September 30, 2014
An Giang Plant Protection Joint Stock Company
 

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