Industry Newsroom

The Carlyle Group Acquires Minority Stake in Anxin Apartment

Global alternative asset manager The Carlyle Group has acquired a minority stake in Anxin Apartment, a China-based corporate housing provider, through Carlyle Asia Growth Partners V and Carlyle Beijing Partners Fund II. Anxin provides employee housing services to service-sector corporations, operating more than 160 apartment complexes in 24 cities across China. The company intends to use the investment to expand operations in China, as well as to improve client services. Financial details of the transaction were not disclosed.