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G Sachs, Ardian Acquire USD1B of US Private Equity from China Investment Corp.: Report
The asset management arm of Goldman Sachs (GS.US) and French investment firm Ardian took over USD1 billion of US private equity assets sold by China Investment Corp., Bloomberg rep...
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G Sachs, Ardian Acquire USD1B of US Private Equity from China Investment Corp.: Report
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The asset management arm of Goldman Sachs (GS.US)      and French investment firm Ardian took over USD1 billion of US private equity assets sold by China Investment Corp., Bloomberg reported, citing sources.

The two were confirmed as winning bidders at the end of last year, sources divulged. Ardian acquired the stake at a double-digit discount, while Goldman Sachs purchased it at a single-digit discount.

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China Investment Corp. had sought to sell its private equity portfolio last year and at one point informed potential buyers that the plan had been frozen, before resuming the sale process.
(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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