Ex-Sailing Capital partner Michael Weiss joins China’s Sanpower

Based in Singapore, Weiss will oversee the firm's cross-border acquisitions and overseas investment activities. His move was first reported by Bloomberg and has since been confirmed by AVCJ. Sanpower's interests span high-tech electronics manufacturing, logistics, and real estate.

When Weiss was at Sailing, the Chinese PE firm teamed up with Sanpower to purchase Brookstone, an US luxury-gadget retailer, for more than $173 million through a bankruptcy auction. Prior to joining Sailing, he was managing director and head of China M&A for Morgan Stanley, as well as China head for Credit Suisse's cross-border business.

Meanwhile, Chris Roling, another Hong Kong-based partner and managing director at Sailing, has also departed the firm. He will become a senior partner in EY's Asia Pacific consulting practice. Roling joined Sailing from McKinsey Consulting. Prior to that, he worked at Aureos Capital and Terra Firma. Roling led Sailing's investment in Maldives resort developer Soneva Group in 2014.

Set up in 2012, Sailing operates the first and largest cross-border, renminbi-denominated private equity fund. The vehicle was launched by Shanghai International Group with a target of RMB50 billion ($8 billion), to be raised from domestic enterprises. It reached a first close of RMB12 billion. The fund aims to aid overseas acquisitions by Chinese companies, participating throughout the capital structure.

Despite these two departures, Sailing continues to boost its investment team with new hires. It recently appointed investment professionals Robert Bibow and Didier Lamarche, as well as healthcare specialist Bosun Hau as managing director and partner.

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• Topics
• Greater China
• Buyout
• People
• China
• sailing capital
• Appointments
• Outbound investment