Mandarin Capital Plans $1.4B China Outbound Fund

Mandarin Capital Partners is planning to launch a 1 billion euro ($1.4 billion) fund next year to meet the rising demand for overseas acquisitions by Chinese firms, Reuters reported Friday. The firm launched its first fund in 2007. Mandarin Capital's first fund, backed by two Chinese policy banks -- China Development Bank and the Export-Import Bank of China -- and Italy's Intesa Sanpanlo, will be fully invested by the end of April next year, Reuters wrote.

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