PRINT THIS PAGE Carlyle poised to participate in biggest private equity deal in China to date17/12/2004. Source: AltAssets. 
 US-based private equity firm Carlyle and insurer Prudential Financial are preparing to acquire a 25 per cent stake in China Pacific Life Insurance for up to $400m, according to reports. Carlyle has not yet commented on the transaction, which appears to value the business at up to $1.6bn.
Carlyle has said in recent weeks that it wants to invest as much as $1bn in China over the next few years, as well significantly building up its activities throughout the rest of Asia. It is currently recruiting a buy-out team in India, for example.
The value of private equity activity in China has increased significantly over the past 12 months, exceeding $1bn for the first time. This is expected to increase further over the medium-term as the number of international groups active in the market grows.
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