Communications Equity Associates and Baring Private Equity Partners hold final closing at US$ 101 million for Baring Communications Equity (Asia-Pacific) Ltd.TAMPA, Fla.--(BUSINESS WIRE)--Jan. 14, 1997--Baring Communications Equity (Asia-Pacific) Limited (BCEA BCEA Basic Conditions of Employment Act (South Africa) BCEA British Columbia Electrical Association (Burnaby, BC, Canada) BCEA Barcelona Center for Education Abroad (Barcelona, Spain) ) held its second and final closing, bringing the Fund's total capitalization Total capitalization The total long-term debt and all types of equity of a company that constitutes its capital structure. total capitalization See capitalization. to US$ 101 million. The Fund, Asia's largest specialist fund investing exclusively in unquoted media and communications companies, is based in Singapore and managed by a dedicated partnership including specialists drawn from these industries in the United States and Asia. BCEA is the second in a planned family of specialist funds, initiated and sponsored by Communications Equity Associates (CEA CEA carcinoembryonic antigen. CEA abbr. carcinoembryonic antigen CEA (Carcinoembryonic antigen) ) and Baring Private Equity Partners (BPEP BPEP Baring Private Equity Partners BPEP Basic and Primary Education Programme (Nepal) ). It follows Baring Communications Equity (Europe) Limited, which was launched in April of 1994 with a total capitalization of ECU 67.5 million (approximately US$ 84 million). BCEA has drawn investors from leading financial institutions and media companies as well as private individuals in the United States, Europe, the Middle East, South East Asia and Japan. Among the lead investors in BCEA are Chicago-based Tribune Company, New York-based McGraw Hill Companies and Boston-based BancBoston. The Fund is also supported by ING Group and CEA. In addition, the Fund received substantial backing from Singapore-based investors. BCEA has to date completed two investments in the book publishing and the video rental businesses in Singapore and Thailand respectively. Several additional investments in media and telecommunications across the Asia-Pacific region are currently under consideration. CEA is a worldwide investment and merchant banking firm specializing in the cable television, broadcasting and entertainment industries. The company has been a leader in providing these services since J. Patrick Michaels Jr. founded the company in 1973. CEA and its affiliated offices are located in Tampa, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Philadelphia, Denver, London, Munich, Prague, Hong Kong, Bombay and Kuala Lumpur. CEA is a member of the National Association of Securities Dealers National Association of Securities Dealers (NASD) Nonprofit organization formed under the joint sponsorship of the investment bankers' conference and the SEC to comply with the Maloney Act, which provides for the regulation of the OTC market. Inc. and its professional associates are registered with the NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). . Member SIPC (Simply Interactive PC) An earlier umbrella term from Microsoft and Intel for a PC that works like a home appliance. For example, it has a sealed case, uses external connectors for expansion and boots in just a couple of seconds. . BPEP, is the worldwide private equity arm of the ING Group. Based in London, it is one of the largest private equity investment groups worldwide. Its executive team manages or advises funds totaling approximately US$ 1 billion through a comprehensive network of offices in Europe, the US, Latin America and Asia. CONTACT: US - Carsten Philipson (813) 226-8844 Singapore-Chris Brotchie (65) 533 2002 UK - Guy Innes (44) 171 290 5000 http://www.commequ.com |
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