PAG to Buy Evergrande Building Services Unit for $514 Million
The buyout firm will take over Evergrande's building services unit for $514 million. The deal is valued at half the 18-times-earnings multiple of a top rival, according to the report.
By Ka Sing ChanThe buyout firm will take over Evergrande's building services unit for $514 mln, or half the 18 times earnings multiple a top rival trades on. It's PAG's second bet in the real estate market's potential bright spot. Refreshing these unloved asset light businesses could pay off.Full v…