Sovereign wealth consortium buys into China financial leasing

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    Kohlberg Kravis Roberts (KKR), GIC Special Investments (the private equity investment arm of the Singapore sovereign wealth funds) and China International…

    Kohlberg Kravis Roberts (KKR), GIC Special Investments (the private equity investment arm of the Singapore sovereign wealth funds) and China International Capital Corporation Limited (CICC) have made a US$160 million investment to acquire a minority stake in International Far Eastern Leasing Company, a China financial leasing provider.

    Far Eastern is a Shanghai-headquartered subsidiary of Sinochem Group, which provides industry-tailored financing solutions for its clients, targetting sectors including medical, printing, education, infrastructure construction, shipping and machine tools. The parent company will retain a controlling stake.

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