Opinion: In $6.5 billion deal for a stake in Hilton, the conglomerate HNA Group displays its membership in group of cash-rich Chinese buyers with an appetite for all sectors
"HNA is only one of a swath of cash-rich Chinese acquirers that have become increasingly comfortable depositing large break fees ($500 million in this case) into escrow accounts as a way to legitimize their commitment to seeing a deal through," writes Gillian Tan. "Their broad appetite for both controlling and minority stakes across almost all sectors has shown few signs of abating. Willing owners of both closely held and public companies could do worse than seek introductions before the tide turns."
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Dec 02, 2016