Latham Reps Carlyle In $5B China Shipping Venture

Law360, New York (March 14, 2011, 6:33 PM EDT) -- Private equity giant The Carlyle Group LP said Monday it was teaming up with Asian investment firm Tiger Group Investments to form a joint venture aimed at picking up more than $5 billion in shipping assets.

The venture will begin business immediately and plans to shell out up to $900 million in equity capital during the next five years in an effort to cash in on growing demand in the Chinese shipping market, Carlyle said.

The American investment firm said the new company would focus on...
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