Mergers & AcquisitionsMedium•30 October 2026•
1 min read
PAG to Acquire Majority Stake in Evergrande Property Services for $513 Million
Key Facts
1Private-equity firm PAG agreed to buy a 51.02% stake in Evergrande Property Services.
2The acquisition deal is valued at approximately US$513 million.
Private-equity firm PAG agreed to buy a 51.02% stake in Evergrande Property Services Group. The Wall Street Journal reported that the acquisition deal is valued at approximately US$513 million, granting the Asian investment firm a controlling interest in the property management arm.
The deal aims to divest assets from the embattled China Evergrande Group to provide liquidity amid its ongoing debt restructuring and the broader property sector crisis. This move represents a significant asset sale for the developer as it seeks to navigate its financial obligations.