HONG KONG, March 1 (Reuters) – A consortium led by Carlyle Group and company management has reached a deal to take Chinese economy hotel chain 7 Days Group Holdings Ltd private, after raising its bid by 9 percent to $688 million.
- PE-backed buyouts of Chinese firms near $5 bln in 3 months
- Consortium to pay 30.6 pct premium to clinch deal
- 7 Days had lost half its value before offer
- PE firms in 18 of 40 take-private offers since 2010-TR data
Chinese companies like 7 Days are delisting from U.S. bourses in increasing numbers as regulatory scrutiny mounts and the advantages of a U.S. listing slip away.