Two banks rev up loan to take eHi private

Car Rental_230px
By Pan Yue
09 Apr 2018

Two banks are supplying a $200m loan to back a consortium’s move to take New York-listed Chinese auto rental company eHi Car Services private.

The consortium includes new private equity investors MBK Partners Fund IV and Baring Private Equity Asia, as well as Redstone Capital Management (Cayman). It also comprises existing shareholders L&L Horizon, an affiliate of eHi’s chief executive and board chairman Ruiping Zhang, the Crawford Group and Dongfeng Asset Management. ...

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