(Corrects to add dropped "not" to the last sentence)
HONG KONG Feb 15 A consortium
of Hong Kong-based private equity fund Gaw Capital Partners and
individuals including Pony Ma, founder of China's
Tencent Holdings Ltd, is looking to buy the Four
Seasons Resort in Bora Bora, French Polynesia, Basis Point
reported on Wednesday.
The consortium is seeking a loan of up to 100 million euros
($105.7 million) to buy the resort from French national Thierry
Barbion, Basis Point said, citing two people with direct
knowledge of the matter.
The people were not authorised to speak publicly on the
matter and so declined to be identified, said Basis Point, a
Thomson Reuters publication.
Others in the consortium include Tencent President Martin
Lau and Chief Strategy Officer James Mitchell, as well as
Brandon Beck, co-founder of Riot Games, a Tencent subsidiary and
developer of online game League of Legends, Basis Point said.
Also in the consortium are Neil Shen, founding and managing
partner of venture capital firm Sequoia Capital China,
and Askar Alshinbayev, managing partner of private equity firm
Meridian Capital, Basis Point reported.
Deutsche Bank is acting as coordinator, mandated lead
arranger and facility agent for the loan. Swansea King, a
British Virgin Islands-incorporated entity, will act as
borrower, Basis Point said.
The size of the five-year senior secured term loan could
either be up to 100 million euros or 55 percent of the resort's
latest gross development value, whichever is lower, Basis Point
Gaw Capital - whose hotel portfolio includes
InterContinental in Hong Kong, Hyatt Regency Hotels in Japan's
Osaka and Vietnam's Danang - said it was invited to bid on the
Bora Bora resort but that it was "too early to comment".
Tencent, Sequoia Capital and Four Seasons were not
immediately available for comment when contacted by Reuters.
Deutsche Bank and Meridian Capital could not be reached for
(Reporting by Carol Zhong at Basis Point; Writing by Clare Jim)