China due diligence: Playing it safe
The catalogue of deals gone bad in China is long and undistinguished. Private equity firms, and the third-party advisors that work with them, are rethinking their approach to due diligence
Initially, Caterpillar's $700 million acquisition of Chinese mining equipment firm Zhengzhou Siwei Mechanical & Electrical Manufacturing did not ring any alarm bells. The US company had hired Deloitte...
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