SouFun, operator of China’s biggest real estate portal and known as Fang.com in China, has secured $US400 million from private equity firms IDG Capital and Carlyle Group, together with the company’s CEO Vincent Mo. SouFun founder and CEO Vincent Mo SouFun Holdings Limited (NYSE: SFUN) ("SouFun"), the leading real estate Internet portal in China, announced today it entered into (i) a subscription agreement ( "IDG Subscription Agreement") with IDG Alternative Global Limited, which is an affiliate of IDG Capital Partners ("IDG") as of the date of IDG Subscription Agreement (ii) a subscription agreement ("Carlyle Subscription Agreement", together with IDG Subscription Agreement, "Subscription Agreements") with Safari Group Holdings Limited and Safari Group CB Holdings Limited, which are beneficially owned by Carlyle Group ("Carlyle") as of the date of Carlyle Subscription Agreement. IDG, Carlyle an...
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