Carlyle raises $425m after divesting Haier stake

The US private equity firm divested its entire stake in the Chinese home appliance company. It first invested in the company in 2011.

Carlyle raises $425m after divesting Haier stake

US private equity firm Carlyle offloaded its entire stake in Haier Electronics Group, cashing in on a near four-year investment in the Chinese home appliances company.

Since the US private equity firm made the investment in August 2011, Haier shares have gained more than 160%. 

Carlyle took advantage of a 26% 11-day jump in Haier’s shares to launch the block, as investors continued to flood the Hong Kong market following the...

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