Global alternative asset manager The Carlyle Group has teamed up with insurance and financial services holding company Ping An Insurance Company of China and Franco-Chinese management company Cathay Capital Private Equity to participate in a RMB300  million (approximately US$48.6 million) Series B investment round in Health 100, a China-based health examination service provider. The transaction was structured through The Carlyle Group’s RMB fund Beijing Carlyle Investment Centre and Cathay Capital Private Equity’s Sino French Fund. The Carlyle Group previously acquired a 13.5 percent stake in Health 100, formerly known as Meinian Onehealth Healthcare, in August 2012. The company intends to use the new financing to develop its service offerings.