Focus Media targets $500m dividend recap - report
Focus Media, a Chinese advertising company backed by The Carlyle Group, FountainVest Partners, CITIC Capital Partners, China Everbright and Fosun International intends to return to the loan market with recapitalization plan of around $500 million.
According to Reuters, Focus Media will amend the terms of an existing loan agreement made shortly after the PE-backed management buyout - led by Jason Jiang, chairman and CEO - took the company private...
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