Chinese private equity funds hunt European LBO targets

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By Olivier Holmey
17 Jul 2014

Hony Capital is exploring a bid for the UK’s United Biscuits, sources have told GlobalCapital this week, in the latest example of a push by Chinese private equity firms to acquire businesses in Europe.

Over the past two weeks, Asian funds have already either partially or fully acquired two other European companies, leading leveraged finance bankers to proclaim the arrival of new, and hungry, players in the continent's LBO market.

While the United Biscuits deal is still exploratory, Hony, a fund with ...

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