Bankers unsure of Shanda LBO loan as sponsors exit

China flag resized 230px
By Shruti Chaturvedi
04 Sep 2014

Bankers are uncertain of the future of a $750m-$850m loan that was meant to fund Shanda Games to go private after four sponsors pulled out of the consortium for the buyout and three new names formed a group.

Carlyle Asia Partners’ affiliate CAP IV Engagement, Perfect World, Primavera and FountainVest Partners affiliate FV Investment Holdings have exited the consortium, while Orient Securities affiliate Orient Finance Holdings, Haitong Securities Co affiliate Shanghai Buyout Fund and Ningxia Zhongyin Cashmere International Group have joined, the company said in a statement ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial