Carlyle-Led Group Agrees to Buy Focus Media for $3.7B
December 26, 2012
In what would be the largest ever buyout in China, a group of investors led by The Carlyle Group has agreed to acquire display-advertising provider Focus Media (NASDAQ: FMCN) for about $3.7 billion. The Chinese media company operates a network of digital advertising screens, located in consumer hotspots like supermarkets and offices. Chinese private equity firms China Everbright, FountainVest China Growth Capital and CITIC Capital Partners are joining Carlyle in the transaction. The deal is expected to close by the second quarter of 2013.