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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 …

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 …