China Forms Committee to Review Foreign Acquisitions, Citing Security
Submitted by LawWench on Wed, 2008-08-27 03:08.
In 2005, private equity behemoth Carlyle made a bold move in China. It struck a deal to buy an 85% stake in Xugong, one of the country’s leading machinery makers. At the time, David Rubenstein, Carlyle’s founder, said: “This is not just a landmark deal for Carlyle, this is a landmark deal for everybody. It [...]
