Saying they believe Lenovo can achieve substantial savings and benefits from IBM's PC operations, three US private-equity firms are investing a total of US$350m in China's largest PC maker. The investment firms — Texas Pacific Group, General Atlantic LLC and the Newbridge Capital LLC affiliate of Texas Pacific and Blum Capital Partners — will receive a 10.8% stake in the form of new preferred shares and warrants under the agreement, pending shareholders' approval.
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