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Xinhua Finance Flips Mergent, Kinetic To Focus on Chinese Marketplace

At 30 Jun 2008 08:29:06 in A-Team Free, AMIT-The Corporation, AsiaMarketsIT.com, Delivery Terms, MDI-The Corporation, Market Data Insight    Print Article  Email Article   Full content is free with registration 

A little over a year after quietly acquiring it – and just a few weeks after replacing Fredy Bush as CEO – Xinhua Finance has agreed to sell Kinetic Information System Services, along with sister Xinhua unit Mergent Inc., to a private equity fund, Carousel Capital Partners III. The deal, valued at $93.5 million, makes good on Xinhua Finance’s recent strategic decision to shift emphasis to its Chinese operations, and emerged to coincide with the company’s annual general meeting on June 25.



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