China boutique investment bank CEC buys Siemer & Associates

CEC focuses on the technology, media and telecom (TMT), consumer and healthcare sectors, and helped its clients raise more than $3 billion in the first half of this year. The Siemer acquisition is intended to enable the company to offer China-based capital and strategic resources to US companies looking to enter the market. S&A specializes in cross-border deals involving the US, Europe and Asia.

CEC will now add an office in Los Angeles to its existing presence in Beijing and Shanghai. It will also inherit the Siemer Summit, an annual TMT conference. Dan Siemer, founder of S&A, will continue in his role of registered principal, while Dan Chen has been tasked with leading the development of CEC's TMT practice in the US and serving as liaison between the China and US operations.

"We are seeing a remarkable acceleration of Chinese capital seeking investment opportunities overseas. Against this backdrop, this transaction will put us in a much stronger position to serve our clients in both China and the US amid this emerging wave of global capital movement," Ran Wang, CEO of CEC, said in a statement.

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• Topics
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