UPDATE: PE group invests another $150m in Zhaoheng Hydropower
Morgan Stanley Infrastructure Partners, Fountainvest Partners and Olympus Capital have together invested $150 million in Shenzhen-based Zhaoheng Hydropower, matching a commitment they made two years ago. The total consideration is said to be the largest investment ever made in China's renewable sector by a foreign group.
Olympus is the leading outside shareholder in the company and made the largest contribution to the most recent round of funding based on existing ownership percentages. According to AVCJ Research, Olympus...
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