D.E. Shaw in discussions to acquire stake in Chinese state-controlled investment company

December 14th, 2011
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D.E. Shaw & Co, a New York-based hedge fund manager and investment advisor, is said to be in talks to acquire a 15 to 20 percent stake in Tianjin TEDA International Holding (Group) Co, a Chinese state-controlled investment company. The negotiations, which have not been made public by either D.E. Shaw or TEDA International, could reach 6 billion yuan or close to $1 billion. Earlier this month, D.E. Shaw took part in the IPO of New China Life Insurance Company, investing around $150 million.

If this deal materializes, it will represent the most significant investment by a foreigner into China’s financial services industry since the first quarter of 2011.
For Detailed Investor Profiles on these Investors, click below:
D.E. Shaw & Co
Related People: Anne Dinning; David E. Shaw; Eric Wepsic; Julius Gaudio; Louis Salkind; Max Stone; Stuart Steckler(retired)*
Related Entities: D. E. Shaw Oculus Portfolios, LLC; D. E. Shaw Valence Portfolios; D.E. Shaw Group; D.E. Shaw Investment Management; DE Shaw Heliant Fund
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Investment Management and Hedge Fund Firm Mergers, Acquisitions, Spin-offs and Transactions

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