Carlyle parachutes into mainland China

[UpInArms]

http://news.ft.com/servlet/ContentServer?pagename=FT.com/StoryFT/FullStory&c=StoryFT&cid=1066565752448

Carlyle Group, one of the US's largest private equity firms, has embraced the global fixation with mainland China and plans to open an office in Shanghai in the first quarter of 2003. {my note - I think they meant 2004)

Xiang-Dong Yang, managing director of Hong Kong-based Carlyle Asia Investment Advisors, said the firm had already started scouting for investments on the mainland. "Everyone prominent in the business is looking at a few deals, and that includes us," said Mr Yang.

<snip>

Mr Yang said Carlyle would seek deals on the mainland in sectors where it had enjoyed success in the past. "Financial services is very interesting in Asia, so is consumer and manufacturing." The firm plans to finance any deals out of its Asia- focused buy-out fund, Carlyle Asia Partners, which was established in 1998.

...more...

just think, those slave wages paid in China will make Carlyle that much more profitable

[SpiralHawk]

1. Good find -- here's a link to the other DU LBN thread on Carlyle

and more...worth the click for a glimpse into "the roiling netherworld."

http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=102&topic_id=210004