Private equity in China's insurance sector
The growth of the insurance sector in China has rocketed in recent years with the potential still remaining tremendous and private equity has been in the center of this rise. And it has been a profitable relationship for GPs that are able to take stakes in companies in this sector.
It probably all started in 1994, when Goldman's Principal Investment Area and Morgan Stanley Private Equity took a combined 10.1% stake in Ping An Insurance for $35 million apiece. In April 2005...
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