FX.co ★ Bloomberg: Advent Nearing Deal For Acquisition Of Chinese Operations Of Ginko

According to a Bloomberg report, private equity firm Advent is close to finalizing an agreement to purchase the Chinese division of Ginko International from BPEA. The transaction is potentially valued at $1.1 billion. Advent is a global private equity investor dedicated to collaborating with management teams, entrepreneurs, and founders to facilitate business transformation. With 16 offices spanning five continents, Advent manages in excess of $88.8 billion in assets and has executed over 420 investments across 43 countries.