Yucaipa reports 6.2% interest in Xinhua

By Devika Patel

Knoxville, Tenn., Oct. 9 - Yucaipa Global Partnership Fund LP reported it owns a 6.2% stake in Xinhua Finance Media Ltd., according to a Schedule 13D filed with the Securities and Exchange Commission on Sept. 28.

According to the filing, Yucaipa owns 8,574,022 of Xinhua's common shares, which is equal to 6.2%, based on Xinhua Finance Media's 138,072,540 shares outstanding as of Sept. 28.

Yucaipa paid $25,722,066 to buy the shares, which works out to $3.00 per share. Yucaipa used working capital to pay for the shares.

The schedule was filed jointly by Ronald W. Burkle, RBDI LLC, Yucaipa Global Holdings, YGOF GP Ltd. and Yucaipa Global Partnership Fund L.P.

Burkle is the sole member of RBDI. Dubai Investment Group Ltd. and RBDI are the general partners of Yucaipa Global Holdings, with RBDI being the managing partner. Yucaipa Global Holdings is the sole shareholder of YGOF, which, in turn, is the general partner of Yucaipa Global Partnership.

Yucaipa Global Holdings is a Cayman Islands general partnership. YGOF is a Cayman Islands corporation.

Xinhua Finance Media is a media company based in Beijing.

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