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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

TPG Capital backs China’s Li Ning

Posted on 20 January 2012

Global private equity fund TPG Capital and Singapore sovereign wealth fund GIC will invest about 750 million yuan ($115 million) in convertible bonds in Hong Kong-listed China sportwear brand Li Ning Co Ltd, the company said on Friday.
TPG has agreed to subscribe to 561 million yuan of convertible bonds from Li Ning, while GIC’s affiliate has agreed to subscribe to 189 million yuan of convertible bonds from the company, Li Ning said in a statement………………………………………..Full Article: Source


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