GLP, an investment management firm, completed the acquisition of a 50% stake in China Merchants Capital, the private equity arm of China Merchants Group. Financial terms were not disclosed. "The new partnership brings about more opportunities and synergies with GLP’s core business globally, while expanding our investment scope further into infrastructure, finance and private equity. China Merchants Group is a highly respected organization and China Merchants Capital has strong multi-sector investment experience. We believe that with our combined strengths and resources this partnership will accelerate the growth of both firms," Ming Mei, GLP Co-Founder and CEO.