The barbarians aren’t at the gates in Asia, where no standard model for a private equity deal exists. Each country varies by regulations, level of financial sophistication, type of deals and cultural distinctions that shape the business mindset. It all ultimately impacts on deal financing.
“In the US you can look at five LBOs and discern main market terms, but that gets very hard to do in Asia,” says Soo-Jin Shim, a partner with Weil, Gotshal & Manges in Hong Kong, who also worked on LBOs in New York.
