focus media

China’s Biggest Buyout Underway

by

November 12, 2012

This week’s deal of the week looks to be a USD 3.7 billion buyout of Chinese advertising company Focus Media Holding (FMCN), making it China’s biggest leveraged buyout to-date, reports Dow Jones Newswire. In August Carlyle Group made the take-private offer. In the meantime several banks have emerged to finance the offer, including Bank of America Merrill Lynch, Deutsche Bank AG, UBS AG, Citigroup Inc., Credit Suisse Group AG and Singapore bank DBS Bank Ltd. The six banks plan to provide a total of USD 1.65 billion.

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