Ocean Link confirms competing bid for China's eHi
Ocean Link, a travel and tourism-focused GP, has confirmed it submitted a competing bid for eHi Car Services, a Chinese car rental business that recently agreed to be privatized by a consortium comprising its chairman and other PE investors.
EHi announced on April 6 that its board had accepted a $937.5 million offer from MBK Partners, Baring Private Equity Asia, Redstone Capital Management, and Ruiping Zhang, the company’s founder and chairman....
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