Standard Chartered PE Latest To Back China's Kids Clothes

Law360, New York (March 18, 2013, 1:46 PM EDT) -- Standard Chartered PLC's private equity arm said Monday that it will invest in Guangdong Aiyingdao Children Department Store Co. Ltd., a  Chinese children's and maternity clothing chain, becoming the latest financial firm to bet on the sector.

Standard Chartered Private Equity Ltd. will make an undisclosed equity investment in Aiyingdao and also provide “comprehensive financial services” to the company, which operates more than 230 maternity, infant and children's clothing stores through southeastern and central China.

In the next three years, the company plans to expand to...
To view the full article, register now.