Carlyle to exit as China's Zhongmei Healthcare seeks IPO
30-Mar-16, China Money Network
Chinese hospital operator Zhongmei Healthcare Group, in which the Carlyle Group made a US$64 million investment, is seeking an initial public offering in Hong Kong.
%20The%20Carlyle%20Group.png "Carlyle to exit as Chinas Zhongmei Healthcare seeks IPO (c) The Carlyle Group")
Image: The Carlyle Group
In a securities filing, Zhongmei says Carlyle made a US$64 million pre-IPO investment to take a 15.7% stake of the company in January 2016.
In the planned IPO, the company is aiming to sell 25% of itself to the public. Pricing and other financial details have not been determined.