sell down

The deal attracts strong demand, particularly from domestic investors, and is priced at a tight 1.6% discount.

Seven years and six sell-downs after its initial investment in China’s biggest bank, Goldman puts an end to one of its most lucrative investments.

International Container Terminal in the Philippines raises $199 million of fresh capital, while Thailand’s Central Pattana and two shareholders pocket a combined $366 million.

The upsized deal comes at a 10.2% discount and will open the door for the private equity firm to convert part of an $860 million CB following a surge in the share price.

More than 95% of the shares are sold by Warburg Pincus, which reduces its stake in the US-listed Chinese semiconductor company to 38%.

The reverse inquiry-driven club-style deal is priced at a 3.5% discount and comes after the stock hit a new record high on Friday.

The deal comes after a study aimed at boosting the overall valuation of the parent company and attracts strong interest from event-driven hedge funds as well as long-only investors.

The sale comes at a tight discount and while it saw good support from US long funds and real estate specialists, indications last night were that the demand fell short of covering the full deal.

The deal comes shortly after the Dhanin Chearavanont-controlled seller receives regulatory approval to buy HSBC’s stake in Ping An Insurance.