Hony Capital has agreed to acquire a RMB15 billion ($246 million) stake in Chinese hotel company Shanghai Jin Jiang International Hotels Development.
According to a statement, the GP bought 100 million shares in Shanghai Jin Jiang at RMB15.08 apiece for a 12.43% stake in the business. The price represented a 23% discount to the company's Thursday close...
Monolith Management, an investment firm established by Xi Cao, formerly a partner at Sequoia Capital China, has set the hard cap at USD 250m for its debut China venture capital fund.
Adamantem Capital has acquired a majority stake in Retail Zoo, operator of Australia-headquartered food retail brands Boost Juice and Betty’s Burgers, from Bain Capital for an undisclosed sum.
The Carlyle Group has appointed Harvey M. Schwartz, formerly president and co-COO of Goldman Sachs, as its new CEO.
Crown Resorts represented a daunting target, given its size and pandemic and regulatory-related challenges. The Blackstone Group drew on its global know-how to make the USD 8.1bn deal work