Blackstone's acquisition of Soho China is a win-win deal
The courting ritual between the two entities has culminated in a blockbuster deal that is testament to the market insights and business wisdom of both parties.
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ONE of the hottest news in the capital markets recently has to be the proposed acquisition of Chinese property developer Soho China by the American private equity investment company Blackstone Group. In this fascinating development, Blackstone is proposing to privatise Soho in a deal worth US$4 billion. At the same time, Blackstone would also be responsible for Soho's US$4.7 billion debt.
It is worth noting that Blackstone is in exclusive talks with Soho, and its offer per share is double that of Soho's share price. Blackstone is determined to deter would-be investors and acquire Soho.
Even though the details of the deal will only be finalised in the coming weeks, there is no doubt that Blackstone will be successful with its bid for the property company founded by prominent couple Pan Shiyi and Zhang Xin.
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