Bain Capital Said to Pay About ¥1B for 80% of Lionbridge
October 17, 2014
Bain Capital has acquired an 80% stake in Lionbridge Financial Leasing—a deal with a price tag of around ¥1 billion ($163 million), according to a report. Company management will retain the rest of the shares following Bain’s first investment in China’s financial services sector. As of June 30, Lionbridge had 174 offices covering 22 provinces and ¥3 billion ($490 million) in leased assets. The new funding will help the company enter new sectors, establish online financing platforms and more.