TPG Will Hand Off Chinese Leasing Biz In $715M Deal
UT Capital's main subsidiary, the equipment leasing company UniTrust Finance & Leasing Corp., is the core of the deal, TPG said in a statement. UniTrust leases to many medium and smaller Chinese companies, which sometimes have trouble acquiring capital from China's larger institutions, according to TPG and Haitong International Holdings.
"We are pleased...
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