CITIC Securities has led a $400 million funding round - with participation from CDH Investments and National Venture Capital - for China and US-based electric vehicle (EV) supplier Microvast Power Systems.
According to a statement, the capital will be used to advance battery technology R&D work and scale production capacity via a new factory in Zhejiang province that is scheduled to be fully operational...
J-Star has closed its third Japan-focused buyout fund at the hard cap of JPY32.5 billion ($291 million), having launched the vehicle last summer with a target of JPY30 billion.
CDH Investments has teamed up with Hillhouse Capital on a proposed HK$53.1 billion ($6.8 billion) privatization of Belle International, a Chinese shoe retailer that it first backed in 2005 and took public two years later.
HQ Equita, a Germany-based mid-market buyout firm controlled by HQ Capital, has agreed the sale of transportation industry supplier Isolite to Japan’s Hitachi Chemical.
Japanese private equity firm NSSK has acquired Bunkasha Publishing, a domestic media group focused on manga comics in both print and digital formats.