The Carlyle Group, a global alternative asset manager, is seeking to raise US$5 billion for its fifth Asia buyout fund, Carlyle Asia Partners V.
China Lodging Group To Acquire Carlyle-Backed Orange Crystal For $531M
Chinese hotel operator China Lodging Group Ltd. has agreed to acquire smaller rival Crystal Orange Hotels Group for RMB3.65 billion (US$531 million) from an investor group led by U.S. private equity giant the Carlyle Group, in a move that further pushes the country's hospitality sectors to consolidate.
CITIC, Carlyle To Acquire McDonald's China Business for US$2.08 billion
Chinese financial services group CITIC Ltd. and its alternative investment unit CITIC Capital Holdings have teamed up with the Carlyle Group to acquire McDonald’s mainland China and Hong Kong business for up to US$2.08 billion to revamp and grow the U.S. fast-food giant's operations in China, the firms announced today.
China Vanke's V Capital To Buy Shanghai's Central Plaza From Carlyle For $369M
V Capital, a real estate investment fund established by Chinese residential property giant Vanke, is to acquire Shanghai's Central Plaza from private equity firm Carlyle Group for around RMB2.46 billion (US$369 million), according to media reports.
Carlyle Hires Ex-Johnson& Johnson China Chairman Jesse Wu As Advisor
The Carlyle Group has appointed Jesse Wu, former chairman of Johnson & Johnson China and former worldwide chairman of the Johnson & Johnson Consumer Group, as a senior advisor to the group’s Asia buyout team.
Carlyle Eyes $1B For Fifth Growth Fund In Asia
Carlyle Group LP is seeking to raise around US$1 billion for its fifth Asian fund to back fast-growing companies across the region, according to media reports and a securities filing.
Carlyle To Exit As Zhongmei Healthcare Seeks HK IPO
Chinese hospital operator Zhongmei Healthcare Group, in which the Carlyle Group made a US$64 million investment, is seeking an initial public offering in Hong Kong. In a securities filing, Zhongmei says Carlyle made a US$64 million pre-IPO investment to take a 15.7% stake of the company in January 2016. In the planned IPO, the company is aiming to sell 25% of itself to the public. Pricing and other financial details have not been determined. Zhongmei Healthcare owns three specialty hospitals and manages one specialty and two general hospitals in Hubei and Hunan province in China. As of the end of 2015, Zhongmei's hospitals own 1,235 beds and recorded 472,548 outpatients and 28,207 inpatients last year.
Carlyle-Backed SouFun Pushes Ahead $2.5B Reverse Merger Deal
New York Stock Exchange-listed SouFun Holdings, backed by the Carlyle Group and IDG Capital Partners, says it has made progress on a domestic backdoor listing of its online media and financial service units via a reverse merger, says a company announcement.
Carlyle To Exit From Taiwan's Eastern Broadcasting In $600M Deal
U.S. film maker Dan Mintz has agreed to acquire Carlyle Group's 61% stake in Taiwanese television programmer and channel operator Eastern Broadcasting Corp. for an undisclosed amount, according to a statement.
Chindex's Original Go-Private Acquirers Increase Offering Price
The original bidders for NASDAQ-listed Chindex International, Inc. have increased their offering price to US$24 per share from the original US$19.50 apiece, according to a regulatory filing of one of the acquirers.
OCBC Bank Launches $100M Private Equity Fund In Shanghai
Singapore-based Oversea-Chinese Banking Corporation Limited (OCBC Bank) says that it has launched a US$100 million private equity fund in Shanghai, according to a company announcement.
Carlyle Buys 49% Stake In SZITIC Commercial Property's Shopping Malls
The Carlyle Group announced a strategic partnership with SZITIC Commercial Property Co., one of the largest shopping mall developers and operators in China. Carlyle is acquiring a 49% stake in Suzhou In-City Mall and Hangzhou Gudun In-City Mall, two regional shopping malls owned and operated by SZITIC Commercial Property. Financial terms of the acquisition were not disclosed. Suzhou In-City Mall, located between Suzhou Industrial Park and the old city center, has four above ground floors and one basement retail floor with an aggregate gross floor area of 136,000 square meters. Hangzhou Gudun In-City Mall, located in the northwest part of the Xihu District of Hangzhou, has four above ground floors and two basement floors for car parks with an aggregate gross floor area of 52,000 square meters. Both properties, in operation for over three years, are one-stop regional malls integrating fashion and electronics with entertainment and food and beverage services. Their tenants include well-known brands such as Wal-Mart, Sephora and Starbucks. "Rising household disposable income, continuing urbanization, changing demographics and government initiatives to promote domestic consumption will continue to benefit China’s retail sector," says Jason Lee, managing director and head of Carlyle Asia Real Estate. Carlyle Asia Real Estate (CARE) …