Former Och-Ziff’s Yu to Buy China’s Standard Water
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Themes Investment Partners, founded by former Och-Ziff Capital Management Group LLC executive Frank Yu, said it agreed to invest more than $100 million in Standard Water Group, a wastewater treatment company in China.
Themes Partners and a group of investors will own more than 50 percent of the Beijing-based company after the transaction, with Standard Water management holding the rest, Yu said in an interview today. Yu, 40, said he plans to sell shares in the company in an initial public offering within a year.