HSBC sells HSBC Private Equity Asia unit to management
HSBC Holdings has announced the sale of 80.1% of HSBC Private Equity (Asia) Ltd. to the management team of HSBC Private Equity, for a price tag of around $18.8 million, executing a spinout plan first reported in June.
Per the terms of the deal, HSBC will keep a 19.9% interest in HSBC PE Asia, close to the 20% figure originally reported. George Raffini will keep his role as MD and head of the firm. The transaction apparently...
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