HongShan Seeks $400 Million Loan to Fund Deal for Marshall

Chinese venture capital firm HongShan Capital Group is in talks with banks for an around $400 million loan to back its acquisition of audio equipment maker Marshall Group AB, according to people familiar with the matter.

HongShan, whose overseas brand is best known by its acronym HSG, is reaching out to regional and international banks for the loan, which could have a tenor of five to seven years, the people said, asking not be identified discussing private matters.

Marshall speaker systems.

Photographer: Krisztian Bocsi/Bloomberg

Details could be subject to change as discussions are ongoing, the people added. A spokesperson for HSG declined to comment. ...