Carlyle-led group buys into Asian cinema digital server provider
A consortium led by The Carlyle Group has purchased an 80% stake in GDC Technology, Asia’s largest cinema digital server provider. The investment was led by the $1 billion Carlyle Asia Growth Partners IV and the other participants included Yunfeng Capital, the venture fund set up by Alibaba Group founder Jack Ma.
Financial terms of the transaction were not disclosed, but sources told The Financial Times that the consortium paid about $75 million. It made the purchase from existing shareholders including Beijing...
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