CPE, PAG and Hisense consider majority stake in A.O. Smith China business

10 articles · Updated · Bloomberg · Apr 30

A.O. Smith Corp.'s China operations are drawing interest from private equity firms CPE and PAG, as well as appliance maker Hisense, with potential bids reportedly reaching several hundred million dollars.
The US-based water-heater manufacturer is currently reviewing its China business, prompting these firms to explore acquiring a controlling stake.
This potential transaction highlights ongoing foreign investor interest in China's appliance sector as global companies reassess their regional strategies.

Will Hisense's state ties and data privacy record complicate its bid for A.O. Smith's China arm?

Why are investors betting millions on a business facing declining sales in a slowing Chinese market?

Could this acquisition help China dominate the global smart home and IoT device landscape?

How do China's new laws turn business decisions for foreign firms into high-stakes national security gambles?

Are multinationals finding that leaving China's manufacturing ecosystem is harder than they once believed?