Global private equity and venture capital news and research

RRJ Capital acquires stake in China Everbright International

16 Dec 2013

recycle recycling waste green environment energyPrivate equity firm RRJ Capital has bought a stake in waste-to-energy company China Everbright International for $350m.

The firm now owns 318.36m shares, or 7.85 per cent of the business, it revealed in a Hong Kong stock exchange filing, according to Reuters.

Everbright has previously said that it was looking to sell 430m new shares for HK3.66bn ($472m).

Last month it was reported that RRJ was looking to launch a $1bn real estate fund less than a year after closing its second flagship fund on $3.5bn.

That vehicle was the second-largest Asia-based private equity fund at the time, although fell short of its original $5bn target.

The firm’s recent deals include a $248m investment in the US insurance unit of ING Groep, which brought its total stake in the business to 4.4 per cent.

Copyright © 2013 AltAssets

Legals & Terms of UsePrivacy Policy

AltAssets is registered as a trademark of Investor Networks Limited (06695690).
Registered Office: WeWork 4001, 1 Fore Street, London, EC2Y 5EJ
Content is © AltAssets 2000-2016