Advantage moves into China with Qin Jia Yuan media deal
Tokyo-headquartered private equity firm Advantage Partners has made its first Chinese investment, committing HK$170 million ($21.8 million) to Qin Jia Yuan Media Services Co. Ltd. (QJY), an HKSE-listed media group.
The private equity firm holds convertible bonds and warrants equivalent to a 5% stake, and will send two representatives to QJY’s board. QJY will also use Advantage Partners’ networks in Japan to strengthen...
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