Citic Capital said its China buyout fund had completed the acquisition of a majority stake in Jiangsu Sky Facility Management.
SkyFM provides facility management services, such as security, cleaning, engineering maintenance and administration, to multinational companies and Chinese state-owned enterprises, Citic Capital said in a statement on Monday.
Based in Wuxi, Jiangsu province, the firm has more than 500 operational sites across eastern China. It has more than 7,000 staff...