Oct. 17 (Bloomberg) -- Carlyle Group said it bought an 80 percent stake in GDC Technology Ltd., China’s biggest maker of servers for digital cinemas, together with a local private- equity fund backed by Alibaba Group Holding Ltd. founder Jack Ma.
Carlyle’s $1 billion Asia Growth Partners IV fund is making the investment together with Ma’s Yunfeng Capital, according to a joint statement from Carlyle and GDC Technology today. The U.S. buyout firm is investing about $75 million in GDC Technology, said a person with knowledge of the matter who declined to be identified because financial terms weren’t made public.
GDC Technology has more than 4,500 installed servers in China, giving it a 54 percent local market share, the release said.
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