U.S. private equity firm the Carlyle Group has bought 80 percent stake in Asia’s biggest maker of servers for digital cinema, Financial Times reports. The company, which bought Hong Kong-based GDC Technology, did not reveal the financials of the transaction.
However, according to sources, the deal is expected to be valued at $75 million. The company bought the stake together with a Chinese private- equity fund backed by Alibaba Group Holding founder Jack Ma, adds Bloomberg. GDC Technology has more than 4,500 installed servers in China.
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U.S. Asia GDC Technology Carlyle Group GDC Tech