FountainVest, Focus Media launch $400m China sport fund
FountainVest Partners and its portfolio company Focus Media - a Chinese outdoor advertising business that went public via a backdoor listing last year - will launch a $400 million sport industry-focused fund.
Shenzhen-listed Focus Media has agreed to invest up to $200 million in the fund - known as Focus Media FountainVest Sports JV - for a 50% stake, a filing said. The vehicle will invest in high-quality sport-related...
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