Legend Capital Invests in Outbound Travel Agency (Asia)

Source: Greater China Private Equity Review  |  Author: Maggie Lee

Legend Capital, one of the private equity arms of Chinese investment firm Legend Holdings, has invested RMB500 million (approximately US$79.4 million) in Air China Travel Service, a provider of outbound travel products in China, which the company offers from 20 locations in the country. Legend Capital currently manages five USD-denominated and two RMB-denominated private equity funds with over RMB13 billion (approximately US$2 billion) in assets under management.