Eagle Investment Group
Partners With Bear Stearns To
Launch Private Equity
Strategic Alliance in
ChinaUSD$500 Million
Investment Will Focus on
Retail and Soft LinesThe Bear
Stearns Companies Inc. ('Bear
Stearns'), a leading financial
services firm, and Eagle
Investment Group ('Eagle'), a
Chinese investment firm, today
anno
more

Eagle Investment Group
Partners With Bear Stearns To
Launch Private Equity
Strategic Alliance in
ChinaUSD$500 Million
Investment Will Focus on
Retail and Soft LinesThe Bear
Stearns Companies Inc. ('Bear
Stearns'), a leading financial
services firm, and Eagle
Investment Group ('Eagle'), a
Chinese investment firm, today
announced the formation of a
strategic investment alliance
focusing on opportunities in
the retail sector in China in
conjunction with Bear Stearns'
private equity arm, Bear
Stearns Merchant Banking
('BSMB'). BSMB is widely known
for its experience in
investing in successful retail
and consumer brands throughout
the U.S. Mr. Wong Kwong Yu,
the founder of GOME Electrical
Group, which is the largest
electronics retailer in China,
is the chairman of Eagle.
Through this alliance, Bear
Stearns and Eagle will pledge
$250 million to invest
together, for a total
co-investment platform of $500
million.

Category News & Politics

Tags Bear, Stearns, financial, services, Multivu, 27477