TPG and partners sell remaining Lenovo stake

TPG, Newbridge and General Atlantic raise a combined $198 million at a tight 1.4% discount.

Three private equity firms last night sold their remaining stake in Chinese PC maker Lenovo Group at a tight discount of just 1.4% versus yesterday’s close. The trade, which totalled HK$1.54 billion $198 million, came after the company reported strong earnings for the second quarter and on the back of a 25% gain in the stock since late August.

The vendors were TPG, Newbridge Asia an Asian affiliate of TPG and General Atlantic, which teamed up to...

To continue reading, please login or register for free

Click for more on: placement | block trade | computers | pc | lenovo | tpg | newbridge | nomura

Print Edition

FinanceAsia Print Edition

CONFERENCES