AVCJ China Awards: PE deal of the year – Alibaba Group
AFTER THREE YEARS OF ON-AND-OFF negotiations with Yahoo, Alibaba Group finally agreed to repurchase half of the US internet firm’s 40% stake in itself for $7.6 billion last September. Supported by $5.9 billion in financing, of which $3.9 billion was equity, it was one of the largest – and most sought-after – transactions involving a Chinese company to date.
"The size of that investment round presented an excellent opportunity for us to make a major investment," says Ken Hao, managing partner and managing director of Silver Lake. In 2011, Silver Lake and...
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