CITIC Capital Partners Acquires King Koil Shanghai Sleep System (Asia)
Source: CITIC Capital Partners
CITIC Capital Partners, the private equity arm of alternative investment management and advisory firm CITIC Capital Holdings, has purchased a controlling stake in China-based mattress retailer King Koil Shanghai Sleep System. The transaction was structured through CITIC Capital China Partners II. The company intends to use the investment to strengthen its place in the hotel contract market and grow its retail segment. Financial details of the transaction were not disclosed.