The Carlyle Group, a Washington, D.C.-based private equity firm, is the leading contender to purchase up to an 80-percent stake in Xuzhou Construction Machinery Group, located in China, the Wall Street Journal reported. According to the Journal, Carlyle is likely to pay $300 million to $400 million for the stake. Carlyle has said it plans to invest $1 billion a year in Asia during the next few years. Carlyle currently has more than $18 million under its management. The Xuzhou transaction is expected to close by the middle of next year.
Carlyle contender for stake in Chinese equipment company
Dec 13, 2004
White Papers
Sponsored by Shell Lubricants