Bain Capital, Goldman Sachs Sell Down China Investments (Asia)
Source: The Wall Street Journal | Author: Isabella Steger
Bain Capital and Goldman Sachs Capital Partners, the private equity arm of Goldman Sachs, have reduced their holdings in two Chinese companies listed on the Hong Kong Stock Exchange. Bain Capital partially divested its holdings in real estate developer Sunac China Holdings for HKD540 million (approximately US$70 million), retaining 60 percent of its original stake, while Goldman Sachs Capital Partners sold 600 million shares of automobile retailer Geely Automobile Holdings for US$263 million. Goldman Sachs Capital Partners retains 730 million shares in the company.