How would you term the growth in AsiaÆs LBO market
The number and volume of LBOs in Asia are steadily growing but bear in mind that this is from a very small base. Asia witnessed its first US-style LBO in 1999, which was the buy-out of ASAT Holdings, a Hong Kong manufacturer. This was followed by the LBO of Korean auto parts manufacturer, Mando Corporation, which was KoreaÆs first leveraged buy-out, so the LBO market in Asia is still very strong.
The ASAT transaction...
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