Chinese Bank Teams Up With Permira, TPG, KKR

Law360, New York (December 6, 2011, 2:51 PM EST) -- China Development Bank Corp. has signed strategic alliances with U.S. private equity firms Kohlberg Kravis Roberts & Co. and TPG Capital LP, as well as London's Permira Advisers LLP, to help the Chinese government-owned bank increase its international investments, it said Tuesday.

The private equity firms, along with Hong Kong-based property group New World Development Co., have agreed to partner with the bank's newly created international private equity arm to make investments and manage assets outside the country, according to a statement. China Development Bank did not provide details of...
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