CVC Capital Partners $1.1 billion bid for Nirvana Asia

Overview:

• CVC Capital Partners has offered to buyout Hong Kong-listed, Malaysia-based funeral-services provider, Nirvana Asia for $1.1 billion. 
• The deal is subject to the approval of Nirvana Asia's shareholders.
• Nirvana Asia is the largest integrated funeral and bereavement care provider in Asia with operations in six countries including Indonesia and Singapore.
• The offering price equals the share price of Nirvana's IPO back in December 2014.
• UBS is advising Nirvana on the deal. 
• Clifford Chance (Andrew Whan, Neeraj Budhwani, Matthew Truman, David Pearson) is acting for CVC Capital Partners.
• Sullivan & Cromwell is advising Nirvana Asia.
• Kirkland & Ellis (Nicholas Norris, Joey Chau, David Irvine) is advising CVC's financial adviser JPMorgan.

Wai Yee Tsang - Journalist