Why Newbridge is making the worldÆs largest private equity investment in Taiwan

Government finally allows international private equity firms to gain a foothold in the countyÆs fragmented banking sector.

In what some observers are describing as an atypical investment, Newbridge Capital is splurging $844 million on a 22% stake in TaiwanÆs tenth-largest listed finance conglomerate by market capitalization, Taishin Financial Holdings.

Newbridge can easily afford the stake given it made $3.3 billion from the sale of its 51% stake in Korea First Bank KEB to Standard Chartered in January 2005. However, unlike KEB, it will not gain management control this time round.

According to one specialist, the US...

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