Bain, Goldman Ride Surge In Chinese Stocks To Selloffs

Law360, New York (November 29, 2012, 6:07 PM EST) -- Private equity investors such as Bain Capital LLC and New York-based Goldman Sachs Capital Partners used a rally thie week in Hong Kong-listed stocks to sell major stakes in flourishing companies.

Goldman Sachs' private equity division on Wednesday sold 600 million shares of Geely Automobile Holdings Ltd. The sale resulted in a profit of about $18 million for the firm's $20 billion GS Capital Partners VI fund, which in 2009 bought $245 million worth of convertible bonds and warrants that could be swapped for stock. Geely...
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