Chinese, French Banks Launch $190M PE Fund

Law360, New York (September 6, 2012, 3:18 PM EDT) -- China Development Bank Corp. and a state-owned French bank on Thursday unveiled plans to form a €150 million ($190 million) private equity fund geared specifically toward small and midsize investments in Chinese and French companies to give both companies a firmer foothold in new markets.

Backed by both the CDB and France’s La Caisse de Depots, the fund will target companies with annual revenues between €10 million and €200 million that are eyeing international expansion, the pair said. The fund is the first ever to directly...
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