Jinsheng Group Raises $60 Million

Jinsheng Group, a Nanjing, China-based mall operator and real estate development company, has raised $60 million in private equity funding from Bain Capital ($45m) and CBL & Associates Properties Inc. ($15m). CBL and Bain Capital have also been granted a three-year warrant in the business for an additional combined investment of $7.5 million, exercisable at the buyers' option.