Carlyle invests in Haier

Carlyle agrees to pay up to $194 million for convertible bonds and warrants in Haier for an ultimate 9% equity stake.

Carlyle invests in Haier

The Carlyle Group will shell out $137 million for convertible bonds CBs in Haier Electronics Group and has the option to invest another $57 million when warrants are exercised. The investment combined with other shares Carlyle owns will give the financial sponsor a 9% stake in Haier.

The bonds convert within 18 months at a price of HK$10.67 per share, representing a premium of around 12.43% to the closing price on July 28,...

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