Deals
Carlyle Buys 80% Stake in China Digital-Cinema Company GDC
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Carlyle Group said it bought an 80 percent stake in GDC Technology Ltd., China’s biggest maker of servers for digital cinemas, together with a local private-equity fund backed by Alibaba Group Holding Ltd. founder Jack Ma.
Carlyle’s $1 billion Asia Growth Partners IV fund is making the investment together with Ma’s Yunfeng Capital, according to a joint statement from Carlyle and GDC Technology today. The U.S. buyout firm is investing about $75 million in GDC Technology, said a person with knowledge of the matter who declined to be identified because financial terms weren’t made public.