Chinese fund abandons Xcerra deal, cites CFIUS problems
Sino IC Capital, a technology-focused PE fund manager backed by the Chinese government, has become the latest investor to fall foul of US regulators following the termination of its acquisition of semiconductor and electronics manufacturer Xcerra.
Unic Capital Management, an affiliate of Sino IC, agreed to buy Xcerra in April 2017 for around $580 million, using Hubei Xinyan Equity Investment Partnership. The deal won shareholder approval but failed...
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