TPG and CNinsure’s CEO aim to take full control of the company
Leading private equity firm TPG will team up with Yinan Hu, CEO of Chinese insurance intermediary, CNinsure, to take over the Nasdaq-listed company. The partnership has made proposal to acquire the shares of CNinsure that TPG and Hu did not owns.
The acquisition offer will be made in cash without debt financing, according to the company’s press release. The consortium has already collected approximately 34.3% of the CNinsure’s outstanding ordinary...
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