Hopu leads Winsway coke deal
Hopu Investment Management has led a $110 million investment for around 20% of Winsway Coking Coal Holdings, a PRC coal logistics company.
Hopu, founded by ex-Goldman Sachs China lead Fang Fenglei, led PRC metals SOE China Minmetals Corp. and Silver Grant International Industries, a Hong Kong-based investment group, committing $60 million of the transaction amount, while the other investors jointly committed $50 million. Winsway specializes in shipment of coking coal from Mongolian and other mines to China end-users. Hopu has already invested with its lead LP Temasek Holdings in Iron Mining International, a Mongolian mining company. Deutsche Bank advised Winsway on the deal.
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