Chinese stationery firm launches PE fund
Shenzhen Comix Stationery, a Shenzhen-listed stationery manufacturer, has won approval to launch a PE fund, which will be managed by Hejun Consulting.
The vehicle, namely Comix Hejun Industry Fund, has an investment size of RMB500 million ($80 million).
According to a regulatory filing, Comix and Shenzhen Rongtong Capital Management, an asset management company, have invested RMB80 million and RMB400 million, respectively. Hejun Consulting, a financial advisory firm, will contribute RMB20 million to the fund.
Comix wants to diversify its business into financial services and this collaboration is expected to improve the company's investment capabilities. As a listed entity, Comix is not allowed to make direct private equity investments; it must operate through a subsidiary.
The fund will invest in the stationery, IT and business service sectors through equity investment, M&A and restructuring. It will also provide capital to early-stage companies in related industries.
Founded in 2000, Hejun has about RMB5 billion in assets under management. The firm claims it makes an average of 2-3 pre-IPO investments every month.
More on Greater China
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.