Blackstone, Bain Capital vie for iPhone recycler stake
January 12, 2018
Environmental Services | Hong Kong | Secondary Transaction
Blackstone, Bain Capital and Silver Lake have emerged as bidders for the interest in iPhone recycling company Li Tong owned by Olympus Capital Asia, according to Bloomberg. A deal could reportedly value the company at between $750 million and $1 billion. Olympus Capital bought a $45 million stake in Li Tong in late 2015.