First PRC leveraged buyout closes in 2008

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CVC Asia Pacific has completed a US$248 million acquisition of Asia Dekor Group, a Singapore-listed flooring manufacturer with substantial operations in…

CVC Asia Pacific has completed a US$248 million acquisition of Asia Dekor Group, a Singapore-listed flooring manufacturer with substantial operations in the PRC.

Brett W. King, partner at Paul, Hastings, Janofsky & Walker who advised on this deal, said, “As the first leveraged buyout (LBO) that has been completed in the PRC this year, the deal demonstrates that there is still a market for LBOs in the Asia region.”

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