August 31, 2016 6:04 PM ET

Capital Markets

Company Overview of SSG Capital Management Limited

Company Overview

SSG Capital Management Limited is a private equity firm specializing in distressed debt and special situations investments in deep-value assets that are afflicted by dislocations in pricing and market liquidity. The firm seeks to invest in in Asia Pacific excluding Japan with a focus on Greater China, India, Indonesia, and South-East Asia. SSG Capital Management Limited was founded on February 2009 and is based in Hong Kong.

Suite 7903, The Center

99 Queen’s Road

Central,  

Hong Kong

Founded in 2009

Phone:

852 3909 8888

Fax:

852 3909 8888

Key Executives for SSG Capital Management Limited

Founder and Partner
Chief Operating Officer
Age: 54
Managing Partner and Chief Investment Officer
Partner
Age: 42
Managing Director
Compensation as of Fiscal Year 2016.

SSG Capital Management Limited Key Developments

SSG Reportedly In Talks To Acquire Standard Chartered Distressed Assets

SSG Capital Management Limited is the only firm that is still in talks with Standard Chartered PLC to acquire nearly $1 billion worth of loans from its offshore book, said three people familiar with the discussions. "The bank is looking to sell $300 million worth of loans of Cairn Energy, and the rest is of Essar Group towards which it has a huge exposure. Depending on the discount SSG is seeking, a deal will be carved out," said one of the person. The second person added SSG Capital is seeking a 30% discount to the value of the assets. "The India book that is on sale is valued at about $1.5 billion, of which about $1 billion is in offshore loans. The bank is currently in the process of discussing a valuation on the entire offshore book. Of the domestic loans, the bank may look to sell loans individually which belong to the infrastructure and telecom infrastructure segment." said the third person."It is important to assess the right price for such assets and make the sale as soon as possible, instead of sitting on them and waiting for a deal. Most large foreign banks make necessary provisions and exit stressed loans soon, which is the right way to deal with such cases." said Nirmal Gangwal, fFunder and Managing Director of Brescon Corporate Advisors (P) Ltd. "The current process is aimed at arriving at a valuation. Depending on the valuation they receive, they will assess whether they can recover more internally. The bank has already taken full provisions on these loans. They are not in a hurry to get rid of these." said another person who was part of some initial discussions. "While we don't comment on individual clients, we are making good progress on executing our strategy, and we will provide an update to our investors in due course," Standard Chartered said in response.

SSG Reportedly Eyes Standard Chartered Indian Loans

SSG Capital Management Limited has expressed an interest in the stressed Indian loans being sold by Standard Chartered PLC (LSE:STAN). The loans include borrowings in both rupees and US dollars, the people said. KKR & Co. L.P. (NYSE:KKR) was previously in talks with Standard Chartered about buying some of the Indian assets and may consider returning to the process, one of the people said. The assets being sold in the rest of Asia include loans as well as proprietary bond and equity investments in China, Indonesia and Malaysia, one person said. Standard Chartered is also seeking to sell part of its portfolio in Africa and the Middle East. "We said in November when we announced our strategic review that we would be aligning our risk profile to the new strategy, and confirmed then that the group had identified a number of exposures for liquidation that exceeded the new risk tolerance levels," Standard Chartered said in a statement. "We are making good progress on executing our strategy, and we will provide an update to our investors in due course." China Daily added that KKR and SSG Capital declined to comment, while a spokesman for GMR said the company was "unaware of any such developments".

SSG Capital Management Limited Presents at HKVCA Asia Private Equity Forum 2016, Jan-20-2016 11:50 AM

SSG Capital Management Limited Presents at HKVCA Asia Private Equity Forum 2016, Jan-20-2016 11:50 AM. Venue: Hong Kong Convention and Exhibition Centre, Hong Kong. Speakers: Edwin Wong, Managing Partner and Chief Investment Officer.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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