Consumer Tech
Chinese VC Firm Eyes $400 Million Loan to Fund Buyout of Rock Icon Marshall
- Loan will fund the acquisition of audio maker Marshall Group
- Company is tapping regional and international banks for loan
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Chinese venture capital firm HongShan Capital Group is in talks with banks for an around $400 million loan to back its acquisition of audio equipment maker Marshall Group AB, according to people familiar with the matter.
HongShan, whose overseas brand is best known by its acronym HSG, is reaching out to regional and international banks for the loan, which could have a tenor of five to seven years, the people said, asking not be identified discussing private matters.