[May 09, 2013] Carlyle, Fountain Vest to be 2nd largest Focus Media shareholders Tweet BEIJING, May 09, 2013 (Xinhua via COMTEX) -- The Carlyle Group and FountainVest Partn ers were likely to tie as the second largest shareholders of Focus Med ia Holding Ltd (FMCN.NASDAQ) after it completed privatization, said ww w.tech.sina.com Thursday. After the de-listing of Focus Media, the Carlyle Group and Fountain Vest Partners will each hold 19.7 percent of the stock. Only the compa ny's chairman Jason Jiang, who owns 30.9 percent, will hold more. Citic Capital Partners and China Everbright Ltd will hold 9.8 perce nt and 2.2 percent of the shares respectively. Moreover, the company's current shareholder Fosun International Ltd will have a stake of 17.4 percent, with the management team holding 0 .3 percent. During the extraordinary general meeting held on April 29, shareh olders passed the privatization proposal, with 99.5 percent of them vo ting for it. The final offer price was set at 27.5 US dollars per Amer ican Depository Share (ADS). This will be the largest leveraged buy-out (LBO) in China, with a n estimated value of 3.7 billion US dollars. The privatization is expected to be finished in May. Focus Media operates China's largest lifestyle targeted interactive digital media network. It offers one of the most comprehensive target ed interactive digital media platforms aiming at Chinese consumers at various urban locations. (Edited by Zhang Yuan, [email protected] ) [ Back To TMCnet.com's Homepage ]