Hopu Investment Management, the Beijing-based buy-out fund set up by ex-Goldman Sachs dealmakers, has made its first investment outside China, acquiring a 4.9% stake in Lippo Karawaci, an Indonesian-listed real estate and hospital developer, from China Resources, a Beijing state-owned group, for $45m, according to people familiar with the matter.

This entry was posted by Gwen Robinson on Wednesday, October 21st, 2009 at 4:47 and is filed under Capital markets, M&A, Private equity. Tagged with China Resources, hopu, Lippo Karawaci. Edit this entry.