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Hong Kong's Gaw Capital eyes USD1-billion overseas acquisitions

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December 9
1:03 AM 2013

Private equity group Gaw Capital Partners is poised to buy minority stakes in four overseas commercial property acquisitions worth USD1 billion in total. The said transactions are ventures with the company's mainland Chinese and Asian Partners, wrote the South China Morning Post (SCMP).

The acquisition deals will follow the company's partnership with South Korean institutional investors for the acquisition of London's Waterside House. The said property houses the global office of retailer Marks & Spencer. The commercial building was acquired for USD321 million, the report stated.

Goodwin Gaw, managing director and principal of Gaw Capital, said of the planned overseas acquisitions, "In the next three months, we will sign two deals in the US and two in Britain. We received cold calls from Chinese institutional investors after we helped Ping An Insurance arrange the Lloyd's Building deal in London."

Gaw Capital had been instrumental in its Asian client's international acquisition deals since 2010. To date, the firm has helped it clients close seven investments worth USD1.8 billion in total. The company has also taken minority stakes in all of the transactions except for the Lloyd's Building deal, the report detailed.

The Hong Kong private equity firm is currently raising a new fund in the US targeting investments of USD500 million, SCMP reported.

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