Chinese private equity keeps on rocking the world

ZZ Capital moves into ZZ Top territory, setting up an $812 million deal for a Texas-based index provider, continuing a trend of Chinese PE funds sealing deals as corporates stay home.

Chinese private equity keeps on rocking the world

Texas has long been synonymous with one of its most famous musical products ZZ Top, a Houston band that's been rocking the world since 1969.

Now there's a new ZZ in town private equity fund Zhongzhi Capital, better known as ZZ Capital, is planting its flag in the Lone Star State with the purchase of Alerian, a provider of market intelligence services and indices in the energy and master limited partnership MLP sector.

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