KKR, Sequoia, Everbright subscribe $110m to China Outfitters IPO
Private equity firms KKR, Sequoia Capital China and Everbright Private Equity have each become cornerstone investors in the Hong Kong IPO of China Outfitters. Between them the funds have committed $110 million, or three-quarters of the $145 million the Orchid Asia Group-backed company was looking to raise.
US investor KKR has provided $60 million, while Everbright and Sequoia committed $25 million each. Having hired BOC International, Daiwa Capital, ICBC International, Royal Bank of Scotland and UBS as...
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