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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 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 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) …