MSPE Asia secures its largest ever Asia deal
Supporting domestic companies keen to expand into overseas markets has become a core element of most PE investors’ China strategies. Morgan Stanley Private Equity (MSPE) Asia found the prospect of working on such efforts with Tianhe Chemicals Group sufficiently compelling to make its largest investment after 19 years in the region.
The captive private equity unit has committed $300 million for a minority stake in Tianhe. According to AVCJ Research, MSPE Asia has never even crossed the $200 million threshold before. This in part a...
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