Lunar Capital set to seal trio of buyouts in China
Sticking to a buyout model rather than going the growth capital route offers an alternative set of opportunities.
The buyout arena in China hasn’t been tainted by the private equity frenzy surrounding growth capital and pre-IPO deals, according to Lunar Capital’s Derek Sulger.
He says that two years ago Western investors were concerned about whether they could make capital commitments and were perplexed by the high level of valuations in Chinese private equity.
Now they are asking why conditions are so bad back at home in the West, but not so bad in Asia, (shaky banking system and sovereign…
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