Carlyle to partner with Fosun Group
By Karen Yip and Bao Chang | China Daily | Updated: 2010-02-25 08:02
Joint fund to invest $100m in private, high-growth companies
US buyout giant Carlyle Group will partner with Shanghai Fosun High Technology (Group) Co Ltd to create a yuan-denominated fund that will focus its investments on rapidly expanding companies in China.
Headquartered in Shanghai, the Fosun Group is one of the largest private-owned conglomerates in China.
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