Morgan Stanley PE buys stake in Tianhe Chemicals $300 million

Morgan Stanley PE buys stake in Tianhe Chemicals for $300 million

4:23 AM, 26th March 2012
Morgan Stanley PE buys stake in Tianhe Chemicals for $300 million
Morgan Stanley office in New York.

NEW YORK, US: Morgan Stanley’s has invested $300 million to acquire a stake in Tianhe Chemicals Group, a China based specialty chemical company. Morgan Stanley’s private equity arm would take a minority stake in Tianhe Chemicals. As part of the deal, Homer Sun, Chief Investment Officer, Morgan Stanley will join Tianhe’s board. Morgan Stanley Private Equity Asia has invested about $2.4 billion in Asia, primarily in highly structured minority investments and control buyouts.

© Reuters News



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