An investment consortium led by CITIC Capital Partners is going to buy Asiainfo-Linkage Inc. for about US$ 890 million. U.S.-listed Asiainfo-Linkage Inc provides software to telecommunication companies with big clients such as China Unicom, China Telecom and China Mobile. Using Ellington Investments Pte. Ltd., Singapore’s Temasek Holdings is part of the consortium of investors. Other consortium members include China Broadband Capital Partners II, L.P. and Edward Tian, co-founder and a significant stockholder of the Asiainfo-Linkage Inc.
The consortium has agreed to pay US$ 12 per share for the company.
Morgan Stanley was the lead financial advisor for CITIC Capital. Other advisors for buyers include Nomura International, ICBC International Capital Ltd and China Renaissance Holdings Ltd.
Bank of Taiwan, Cathay United Bank, Co., LTD., ICBC International Capital Limited, Maybank Investment Bank Berhad and Nomura International (Hong Kong) Limited have agreed as mandated lead arrangers to arrange a debt facility in the aggregate amount of US$330 million to provide debt financing for the acquisition.