Fortress, Bain and Abax set trend for China ‘go-private’ deals
Taking US-listed Chinese companies private is looking sweet for private equity firms that can capitalise on cheaper valuations.
![Fortress, Bain and Abax set trend for China ‘go-private’ deals](https://cdn.i.haymarketmedia.asia/?n=asian-investor%2Fcontent%2FKP%20-%20China%202.jpg&c=1&h=677&q=100&v=20245901&w=1204)
There are hundreds of Chinese companies listed in the US. Had they listed themselves in their home market, the act of listing would have taken a lot longer, so many simply performed reverse mergers in the US and hey presto, they became publicly quoted.
However, many US-listed Chinese firms have not been enjoying the experience, because the current market environment for US-listed Chinese companies has changed this year. Short-seller attacks, fraud, negative media coverage and poor…
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