PE consortium makes $4.6b take-private bid for China Biologic
Centurium Capital, CITIC Capital and Hillhouse Capital are part of an investor group targeting a $4.6 billion take-private of China Biologic – just over a year after committing new equity to the US-listed company to protect it from other would-be acquirers.
The three private equity firms, together with Temasek Holdings, Parfield International and Hong Kong-listed medical device manufacturer PW Medtech Group, are offering to buy all outstanding shares in China...
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