Private equity firms FountainVest Partners and CPE have secured an around $405.6 million-equivalent loan to finance their joint acquisition of RFID and brand identification provider SML Group Ltd., according to people familiar with the matter.
CTBC Bank Co., HSBC Holdings Plc, Shanghai Pudong Development Bank Co. and Standard Chartered Plc provided the loan, which is split into US dollars, offshore and onshore renminbi tranches, the people said, who asked not to be identified discussing private matters. The financing, raised through a jointly set up special purpose vehicle, also comprises tenors of one, five and seven years, they ...
