Oriental Breweries bidders in funding race ahead of deadline

26 Mar 2009

Private equity firms are racing to seal financing packages before an April 10 deadline in the sale of South Korea’s Oriental Breweries, but questions remain over their ability to attract funding from Asia’s battered leveraged loan market.

Kohlberg Kravis Roberts and Affinity Equity Partners are understood to be the only parties left in the bidding for the brewery, which is being sold by Anheuser-Busch InBev, and are looking to borrow around $650m-$800m.

A successful deal would be a welcome boost for Asia’s struggling high yield ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial