CVC Capital said to poach top HSBC South-east Asia dealmaker

SINGAPORE (BLOOMBERG) - CVC Capital Partners, the biggest European buyout firm, has hired HSBC Holdings Plc's most senior South-east Asia dealmaker Alvin Lim, people with knowledge of the matter said.

Mr Lim, who was a managing director and head of Southeast Asia banking advisory at HSBC, will start work at CVC Capital next month, according to the people. He will focus on investments in Singapore and Malaysia, the people said, asking not to be identified because the information is not public yet.

The London-based buyout firm, one of the most active investors in Southeast Asia, has announced US$1.5 billion (S$2.01 billion) of deals in the region over the past five years, according to data compiled by Bloomberg. Its biggest transactions include last year's saleof its stake in Singapore's Interplex Holdings Ltd. to Baring Private Equity Asia in a US$320 million deal, as well as CVC's purchaseof the business process outsourcing businesses of Philippine Long Distance Telephone Co. for US$300 million in 2013.

CVC raised US$3.5 billion for its fourth Asia Pacific fund in 2014. Lim will fill a position vacated by Fock Wai Hoong, who left CVC and joined General Atlantic LLC last year. CVC and HSBC declined to comment in e-mailed statements.

HSBC ranked ninth among advisers on Southeast Asia mergers and acquisitions last year, up from 19th in 2014, data compiled by Bloomberg show. Last year, the bank was among advisers to CMA CGM SA on its US$2.4 billion takeoverbid for Singapore's Neptune Orient Lines Ltd. It advised Metro AG on the sale of its Vietnam wholesale business to Thailand's TCC Holding Co. for 655 million euros (S$1.01 billion), which was completed in January, according to the data.

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