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CITIC closes Japan fund

  • Maya Ando
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CITIC Capital Partners, the private equity arm of CITIC Capital Holdings Limited, has closed its second buyout fund dedicated to Japan with a commitment of over JPY 18 billion ($217 million), a similar size to its first fund.

Hironobu NAKANO, head of CITIC Capital Partners’ Japan operations, said in a statement, “Over the past seven years we have gained unique experience in helping Japanese companies to successfully expand to China. Our team, based primarily in Tokyo and Shanghai, looks forward to finding a new set of opportunities to help Japanese companies maximize their potential through international expansion.” Yichen ZHANG, Chief Executive Officer of CITIC Capital, added that the firm believes there is tremendous investment opportunity to assist outstanding Japanese companies in international expansion, particularly into China.

CITIC Capital Japan Partners II, L.P. has already made two investments. One is a 63.2% stake in Higashiyama Film Co. Ltd., a Japanese company involved in the design and production of coated films for use in applications such as touch panel, mobile phones, PDAs and home appliances. The other is a majority stake in Tri-Wall, a Tokyo-based heavy-duty corrugated fiberboard packaging company.

 

 

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