
KKR invests $65m in Chinese cord blood bank operator
KKR has agreed to invest $65 million into China Cord Blood Corporation (CCBC), the largest umbilical cord blood banking operator in China. It is the private equity firm’s first foray into the country’s fast-growing healthcare services industry. CCBC will use the funding to expand operations.
KKR is investing through the KKR China Growth Fund, which closed in February 2011 at $1 billion. KKR China Healthcare Investment, a Cayman Islands-incorporated affiliate of the fund, will purchase $65...
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