The Carlyle Group says it will pay $137 million in Haier Electronics Group Co., Reuters reported. Carlyle will invest through convertible bonds and has an option to invest another $57 million when warrants are exercised. Along with other investments in the company Carlyle will have a right to securities representing approximately 9 percent of Haier, Reuters wrote.
(Reuters) – Global buyout firm the Carlyle Group said on Tuesday it has agreed to invest $137 million in Haier Electronics Group Co, Ltd. through convertible bonds and has an option to invest an additional $57 million when warrants are exercised.
Together with other investments in the company, Carlyle will have a right to securities representing approximately 9 percent of the company, Carlyle said in a statement.
(Reporting by Samuel Shen, Donny Kwok and Stephen Aldred)
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