Platform
PAG agrees to buy majority stake in Evergrande Property Services
Private equity firm PAG agreed to buy a majority stake in Hong Kong-listed property manager Evergrande Property Services for HK$4.03 billion.
Private equity firm PAG has agreed to buy a majority stake in Evergrande Property Services Group Ltd. for HK$4.03 billion ($514 million), according to a Hong Kong stock exchange filing. The filing confirmed an earlier Bloomberg report.
The offer price is HK$0.8359 per share, a 29.5% discount to the stock's last closing price of HK$1.185, the filing said.
Deal facts
- Target
- Evergrande Property Services Group
- Business
- Hong Kong-listed property management services company
- Buyer
- PAG
- Sponsor
- PAG
- Deal type
- Platform
- Value
- HK$4.03 billion ($514 million)
- Status
- Announced, not yet closed
- Announced
- Thursday, October 29, 2026
Sources
- Bloomberg.comOct 29, 2026
Written by Buyout Desk from the sources above. Spotted an error? Email corrections@buyoutdesk.com.