We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Latham Reps Carlyle In $5B China Shipping Venture

Law360 (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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.