Huawei's Mobile Auction Attracts Private Equity Firms

China's telecommunications equipment vendor Huawei Technologies has shortlisted five private equity companies for its mobile devices unit, reported to be worth in excess of US$2bn. Bain Capital, Goldman Sachs's private equity arm Kohlberg Kravis Roberts & Co, and Silver Lake have all made it through to the second round of bidding, according to several press reports. Huawei Technologies hopes that by divesting a stake in its mobile unit to a private equity firm, it will help develop the group's sales in the US. The deal is closely being monitored, as it offers a private equity company the chance to acquire a sizeable stake in a single deal, and could mark one of the largest private equity investments to date in China.

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