Hillhouse, Boyu, CareCapital back condom maker
Chinese private equity firms Hillhouse Capital, Boyu Capital and CareCapital Partners, a specialist dental and consumer health investor, have paid $200 million for a 40% stake in condom brand LifeStyles.
Originally the sexual wellness division of Australia’s Ansell, LifeStyles was acquired by CITIC Capital and Chinese drug manufacturer Humanwell Healthcare in 2017 for $600 million, including $230 million...
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