Hong Kong unrest hampers sale of PE-owned work space provider
The private equity owners of The Executive Centre (TEC), an office provider that relies on Hong Kong for 30% of its EBITDA, have suspended a sale process in response to ongoing protests in the territory.
The process began in May with the expectation of a valuation of more than $750 million and final bids were due in late September. The business continues to perform strongly but a decision has been made...
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