HongShan Gets $523 Million Loan for Buyout of Amp Maker Marshall
Marshall amps.
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Chinese venture capital firm HongShan Capital Group has obtained a €475 million ($523 million) multi-tranche loan to fund its acquisition of audio equipment maker Marshall Group AB, according to people familiar with the matter.
HSBC Holdings Plc and UBS Group AG were the physical bookrunners of the borrowing, while Standard Chartered Plc came in as joint bookrunner, the people said, who asked not to be named discussing private matters. The financing drew several international and Chinese banks when it was syndicated to the broader market, the people added.