UPDATE 1-Carlyle invests $25 mln in China loan guarantee co

[NVMojo]

...our favorite Bush crony group ...

SHANGHAI, March 22 (Reuters) - U.S. buyout firm Carlyle Group will sign a deal on Wednesday to invest $25 million in one of China's biggest firms providing loan guarantees to small and medium enterprises, sources familiar with the deal said.

Carlyle's investment just comes ahead of a planned overseas listing of Credit Orienwise as soon as this year, said an Orienwise source, adding the Chinese company was reviewing a possible listing on the Nasdaq.

Washington-based Carlyle is set to become the third major foreign entity to pour cash into China's Credit Orienwise Group Ltd., following in the steps of Citigroup (C.N: Quote, Profile, Research) and the Asian Development Bank, which have both invested in the Chinese firm.

A venture capital unit of Citigroup bought a stake of the Chinese firm for $25 million in November. The ADB said in 2004 it would invest $10 million in Credit Orienwise.

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http://today.reuters.com/investing/financeArticle.aspx?type=mergersNews&storyID=2006-03-22T072157Z_01_SHA69152_RTRIDST_0_FINANCIAL-CHINA-CARLYLE-UPDATE-1.XML