{"id":12587,"date":"2009-10-20T08:20:00","date_gmt":"2009-10-20T12:20:00","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=12587"},"modified":"2009-10-20T08:20:00","modified_gmt":"2009-10-20T12:20:00","slug":"avenue-capital-nears-deal-for-china-medical-firm","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2009\/avenue-capital-nears-deal-for-china-medical-firm.html","title":{"rendered":"Avenue Capital nears deal for China medical firm"},"content":{"rendered":"<p>Reuters &#8211; Hedge fund Avenue Capital is in the final stages of talks to buy a Chinese medical equipment company backed by a unit of Citigroup Inc  in a deal worth over $100 million, sources familiar with the situation said on Tuesday.<\/p>\n<p>The exclusive talks for Shenzhen-based Landwind between Avenue Capital, one of the world&#8217;s largest hedge funds, and Citi Venture Capital International (CVCI) came after Bain Capital and other private equity funds dropped their bids, said the sources.<\/p>\n<p>A deal for Landwind would mark a rare occasion whereby a hedge fund outbids a private equity firm for control of a company. Hedge funds such as Avenue, run by billionaire Marc Lasry, have built up their presence in Asia in the last few years, participating in more and more private equity-style deals.<\/p>\n<p><a title=\"Read Complete Article\" href=\"http:\/\/www.reuters.com\/article\/rbssFinancialServices%20-%20Diversified\/idUSSEO19473520091020\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; Hedge fund Avenue Capital is in the final stages of talks to buy a Chinese medical equipment company backed by a unit of Citigroup Inc in a deal worth over $100 million, sources familiar with the situation said [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[15973,11148,11708,4518,942,11926],"class_list":["post-12587","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-equity-style","tag-hedge-fund","tag-hedge-funds","tag-private-equity-firm","tag-private-equity-funds","tag-venture-capital-international"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/12587","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=12587"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/12587\/revisions"}],"predecessor-version":[{"id":12588,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/12587\/revisions\/12588"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=12587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=12587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=12587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}