Carlyle in buy-out deal with Chinese province
By Martin Arnold in London
Published: May 14 2008 20:06 | Last updated: May 14 2008 20:06
The Carlyle Group has become the first international private equity group to sign a partnership deal with a Chinese region after striking a mutual co-operation agreement on Wednesday with Shandong province, an industrial region south of Beijing.
A flood of private equity groups are pouring into China in search of investment opportunities amid its rapid economic growth, especially as the credit squeeze has made it harder to raise debt to fund big buy-outs in the US and Europe.
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