Private equity group to exit after 3 years
The Swedish group acquired a 96.5% stake in the company in Feb 2011, buying it via its Greater China II fund from the Korean investment firm MBK Partners. GTV’s CEO Lin Poa-chuan held the remaining shares.
According to the Economic Daily, EQT is seeking a price tag of some NT$6 billion ($198 million).
Calls to EQT’s Hong Kong office were not returned.