In a ground breaking transaction that achieved worldwide coverage, The Carlyle Group and Tiger Group Investments have formed a new company, tentatively named Greater China Industrial Investments LLC, in partnership with, Seaspan Corporation, the Washington family, Gerry Wang and Graham Porter that will invest in containerships, dry bulk and tankers. Mirroring the strategy of Japan in the 1980s, China, too, wants to control its freight and the new investment partnership seeks to capitalize on that desire.
This is only an excerpt of A Huge China Bet – Carlyle and Tiger partner with Seaspan and the Washington Family to form a vehicle to invest in shipping in China, with Deutsche Bank playing key advisory role.
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Tags: · Deutsche Bank, Gerry Wang, Graham Porter, Greater China Industrial Investments LLC, Seaspan Corporation, The Carlyle Group, Tiger Group Investments, Washington family
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