Mandarin, Hony to support Zoomlion spin-off
Mandarin Capital Partners will team up with Hony Capital to finance the spin-off of Chinese construction equipment manufacturer Zoomlion's sanitation machinery business. It is one of two deals - together worth around EUR100 million ($125 million) - that the Sino-European GP expects to close later this year, a source familiar with the situation told AVCJ.
The news comes after Mandarin revealed last week that it is nearing a EUR500 million first close for its second fund, which is expected to reach a final close of EUR1 billion in the second half of 2013....
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