Carlyle to Invest $100M in Kaiyuan

The Carlyle Group is close to sealing a deal for a stake in a hotel management company in China. The plan by Carlyle to invest nearly $100 million in Kaiyuan Group, a private hotel management company, follows its $65 million purchase of 26% of a Chongqing-based glass fibre manufacturer and an $80 million deal for a 49% stake in a steel pipe maker.