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Carlyle Group in ChinaCarlyle Group in ChinaBrief description of the dealPre-acquisition: Xugongs parent, Xuzhou Construction Machinery Group, owned 51% of the company.Post-acquisition: By getting loans from foreign banks and reselling shares of Xugong to other investors, Carlyle will finance $375mil and attain 85% of the company. Xuzhou Construction Machinery Group might get loans from Citi.