Carlyle sells opportunistic $285m Haier stake near bottom of range
Private equity house Carlyle Group sold $100m shares in Chinese company Haier Electronics Group on Friday at HK$22.10 each – near the bottom of a HK$22 to HK$22.50 price range.
The deal, worth HK$2.21bn ($285m), took place on January 17. Four or five banks were called to bid in a competitive process which saw Goldman Sachs mandated as sole bookrunner.
“We had a short amount of time to wall cross a small number of accounts and that
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