One bitten, twice shy? Not China Investment Corporation, which suffered abuse for its disastrous $3bn punt on Blackstone. Investing ahead of the private equity house's $31 a share initial public offering, CIC watched the stock drop below $4, before recovering to today's $13.5. Older, wiser, it is venturing back into the same waters, with an innovative two-step transaction with Apax Partners.
一朝被蛇咬,十年怕井繩?這話可不能用在中國投資公司(China Investment Corporation)身上。該機構曾將30億美元投入百仕通(Blackstone),結果遭遇災難性虧損,爲此飽受非議。在百仕通這傢俬人股本公司以每股31美元進行首次公開發行(IPO)之前,中投對其進行投資。隨後,中投眼睜睜看著百仕通的股價跌至每股4美元以下,而後收復部分失地,回升至現在的每股13.5美元水準。在吸取經驗教訓之後,中投正再次涉足私人股本行業,與Apax Partners達成創新的兩步交易。