CVC recruits EQT's Asia mid-market head

Mok (pictured) – who announced the move on his LinkedIn profile – was formerly a partner and head of Asia mid-market coverage at EQT. He joined the firm in 2001, having previously been a member of the Goldman Sachs Principal Investment Area team, responsible for making investments in China.

At EQT, Mok focused on control and co-control deals across Asia. The firm closed a pan-regional middle-market fund in 2018 with $800 million in commitments. Greater China and Southeast Asia are the key geographies, with equity checks falling in the EUR40-100 million ($47-119 million) range. Earlier this year, the firm opened an Australia office as part of a regional expansion.

EQT Mid Market Asia III has made nine investments: five in Greater China, three in Southeast Asia, and one in Australia. The Greater China companies are wallpaper manufacturer Artwall, payment service provider VBill, tutoring business Long-Spring Education Group, facilities management services player China Shine, and packaging manufacturer GPA Global.

CVC is currently deploying its fifth Asia fund, which closed at $4.5 billion in early 2020. It also has a control and co-control focus, targeting businesses with enterprise valuations of $250 million and $1.5 billion. Recent investment activity has focused on Southeast Asia. The firm’s most recent China deal was a $225 million commitment to toll road operator RKE International Holdings in 2018.

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• Topics
• Greater China
• People
• GPs
• Asia
• EQT Partners
• CVC Capital Partners
• Appointments