Bear StearnsÆ private equity arm, Bear Stearns Merchant Banking BSMB, will work with the 5050 joint venture. Each partner will contribute $250 million of capital to the fund, which will be deployed in retail businesses in China, helping them to expand both domestically and beyond China. Bear Stearns representatives told press typical investment size would be in the $25 million-$100 million range and further capital raising could be considered, once the initial commitment is deployed.
Eagle Investment is a closely held...
¬ Haymarket Media Limited. All rights reserved.
