CVC Capital Partners backs Sun Hung Kai Financial
CVC is making a commitment of around $220 million to one of Hong Kong’s longest-established and best-regarded non-bank financial groups, Sun Hung Kai Financial (SHKF), in a deal described as a strategic alliance, to support the rollout of its consumer finance arm across the PRC, and the development of its institutional business.
“We think financial services is a very exciting growth area in China and in Hong Kong,” Roy Kuan, Managing Partner of CVC Asia, told AVCJ. SHKF, with no connection to the property company of the same...
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