Companies / China
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Huawei's Mobile Auction Attracts Private Equity Firms
July 2008 | Company Finance AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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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.