
China Everbright’s mezz fund backs Sichuan Dekang Agriculture
China Everbright has made an equity investment in Sichuan Dekang Agriculture Technology, a livestock farming company in China, through its renminbi-denominated mezzanine fund.
Sichuan Dekang was founded in 2006 by Yuxin Chen and Degen Wang, who are founder and president of Chinese agricultural company West Hope Group, respectively. The company is focused on hog farming and chicken farming, with hog breeds sourced from Canada, it said in a release. The company has adopted a computerized management system and genetic breeding program to ensure a consistent breeding process. It currently manages more than 30 hog farming sites in China.
Following the new investment, the GP will support Dekang to execute bolt-on acquisitions and improve its corporate governance.
"As a manufacturer and supplier of meat, eggs and dairy products, we have the social responsibility to provide safe and quality household products to consumers, helping them live the best quality life possible," said Dekang's Wang. "China Everbright's rich experience in corporate governance, finance and capital market will help us become a world-class agriculture and food company."
China Everbright's mezzanine fund provides structured solutions in the form of hybrid debt-plus-equity instruments. It seeks to partner with industry leaders and create investment platforms that identify acquisition targets and take the lead on deal structuring and negotiation. Recent investments include a commitment to healthcare conglomerate Neusoft Holdings and Sichuan Hope Education Group.
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.