Unitas buys controlling stake in ZTE subsidiary
When ZTE decided to divest Shenzhen ZTE Netview Technology (ZNV), a subsidiary focused on power and environment monitoring and video surveillance, it wanted to act quickly. Unitas Capital was up to the task, overcoming rival bids from several financial investors and putting together a RMB1.3 billion ($208 million) deal in just one month.
"For a control transaction anywhere in the world that is fast," John Lewis, Unitas' chief investment officer, tells AVCJ. "We were well served by the fact that we were able to bring relevant knowledge...
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