Eagle Investment Group Partners With Bear Stearns To Launch Priv

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USD$500 Million Investment Will Focus on Retail and Soft Lines The Bear Stearns Companies Inc. ("Bear ...
USD$500 Million Investment Will Focus on Retail and Soft Lines The Bear Stearns Companies Inc. ("Bear Stearns"), a leading financial services firm, and Eagle Investment Group ("Eagle"), a Chinese investment firm, today announced the formation of a strategic investment alliance focusing on opportunities in the retail sector in China in conjunction with Bear Stearns' private equity arm, Bear Stearns Merchant Banking ("BSMB"). BSMB is widely known for its experience in investing in successful retail and consumer brands throughout the U.S. Mr. Wong Kwong Yu, the founder of GOME Electrical Group, which is the largest electronics retailer in China, is the chairman of Eagle. Through this alliance, Bear Stearns and Eagle will pledge $250 million to invest together, for a total co-investment platform of $500 million.
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