Morgan Stanley PE Invests $300M In Chinese Chemical Co.

Law360, New York (March 21, 2012, 3:26 PM EDT) -- Morgan Stanley's $2 billion Asia-focused private equity fund has acquired a minority stake in Chinese chemical manufacturer Tianhe Chemicals Group for $300 million, the companies said in a joint statement Wednesday.

The investment was made by Morgan Stanley Private Equity Asia, which does minority investments and controlled buyouts in growth-oriented Asian companies. 

Though the joint statement did not disclose the size of the PE fund's interest in Tianhe, it is reportedly not a controlling stake.

The expected closing date of the deal was not disclosed. Attempts...
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