Beijing-based private equity and venture capital firm, Keys Fund, says it has formed a strategic cooperation with Lombard Global, a Plano, Texas-headquartered investment banking and management consulting firm. Founded in 2011, Keys fund focuses on investing in early and expansion stage companies in the healthcare, new material, advanced equipment, TMT (technology, media, telecommunications) and green [...]
Standard Chartered Private Equity (Singapore) agrees to invest $75 million in Energy World Corporation, a Hong Kong-headquartered energy company. Standard Chartered Private Equity is the private equity arm of Standard Chartered Bank. It has made over $3.9 billion investments in mid- to late-stage companies in Asia, Africa and the Middle East.
Chinese tea company Bama Tea says earlier this week that it has completed series A funding. IDG Capital Partners, Tiantu Capital, Shenzhen Cowin Capital and Tianjixing Capital have jointly invested RMB150 million in the company. The four venture capital and private equity investors will obtain a stake of less than 15%, says Wang Wenli, chairman [...]
Hong Kong-based private equity firm, Zendex Bio Strategy has partnered with two respiratory product companies to set up Kinnovata Pharmaceutical Company in Tianjin, hoping to take advantage of China's increasing demand for asthma-related medical products. The two partners are
Adveq, a Swiss private equity fund of funds manager, says it has hired Ron Li as its head of China operations. With $5 billion under management, Adveq has offices in Zurich, Frankfurt, New York, Beijing, Shanghai and Hong Kong. Ron Li joined Adveq as
An investor consortium led by CITIC Capital Partners says it has signed a definitive merger agreement to take NASDAQ-listed Chinese company AsiaInfo-Linkage, Inc. private in a $890 million deal. Beijing-headquartered AsiaInfo-Linkage is a software and IT services provider to the telecommunications industry. The buyer consortium is led by $2.6 billion-under-management
China's total social financing reached RMB1.75 trillion, down 15% from that of the first quarter. It compares with a record-breaking RMB2.5 trillion in March, according to the People's Bank of China. While the pace of growth has slowed, April's number is still robust and indicates an easy liquidity environment in China.
The International Finance Corporation (IFC) is considering a $20 million investment in New Hope Agriculture and Food Fund, according to a statement on IFC's website. New Hope Agriculture and Food Fund is a private equity fund focused on making equity investments in private companies within the agriculture and food sector in China.
New York-headquartered Avenue Capital is asking the Grand Court of the Cayman Islands to dissolve the Chinese test prep and training school operator, Ambow Education, as a result of an investment that has gone terribly wrong. Founded by Mark Lasry and Sonia Gardner, Avenue Capital is a private equity and hedge fund investment firm managing [...]
Mandarin Capital Partners (Listen to our interview with its founding partner Alberto Forchielli here), a Luxembourg-based private equity firm focused on China-Europe cross-border deals, opened an office in Frankurt, Germany. Founded in 2007, Mandarin has made 10 investments in Italy and China through its first fund, totaling €328 million.
China's General Administration of Customs reported that the country's April exports rose 14.7% year-over-year, greatly beating market expectation of 9.2%. Imports in April also increased 16.8%, compared with market forecast of 13%. The better-than-expected performance was led by a suspicious 57.2 percent jump
Kohlberg Kravis Roberts & Co. (KKR) and CDH Investments agree to sell their stakes in China Modern Dairy to China Mengniu Dairy in a potentially profitable partial exit. Hohhot, Inner Mongolia-based Mengniu Dairy is forking out approximately $410 million to increases its shareholding in Modern Dairy from 1% to 28%, becoming the single largest shareholder [...]