By DAVID BARBOZA
Published: February 24, 2010
SHANGHAI — The Carlyle Group, one of the world’s biggest private equity firms, said Wednesday that it had formed a partnership with one of the largest Chinese conglomerates to invest in China and around the world.
The deal with Fosun Group of Shanghai, which has holdings in steel, mining, pharmaceuticals and real estate, is Carlyle’s latest push into the fastest-growing major economy and an additional indication of the larger role Chinese companies are seeking to play in global deal-making.
At a news conference Wednesday, executives from the two companies, including David M. Rubenstein, a founder of Carlyle, said the partners had already set up a $100 million fund denominated in China’s currency, the renminbi, to invest in emerging Chinese companies.