Blackstone Acquires China-based Packager ShyaHsin in $800-900M Deal

11/12/17

Global asset manager Blackstone Group LP (BX.N) has reached a deal to acquire China-based cosmetics packaging firm ShyaHsin Packaging (China) Co Ltd for about $800 million to $900 million, four people with knowledge of the matter told Reuters.

The deal will be Blackstone’s first private equity investment in China since 2014, Thomson Reuters data showed.

The U.S.-based investment house has signed the deal agreement but is still lining up loan financing of about $600 million to fund the transaction, said two of the people, who declined to be identified as the information was confidential.

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