Europe
Cathay reaches $700m first close on Sino-European fund
Cathay Capital Private Equity has reached a first close of EUR600 million ($702 million) for its latest middle-market Sino-European fund. The target is EUR1.2 billion.
China's Yunfeng buys German pharma player
China’s Yungfeng Capital has teamed up with Shenzhen-based Hybio Pharmaceutical to acquire diversified German biopharmaceuticals company AMW for an undisclosed sum.
Temasek, RRJ to take 49% stake in HNA-owned Gategroup
Temasek Holdings and RRJ Capital have invested an unspecified amount for a significant minority stake in Gategroup, an airline catering provider owned by troubled Chinese conglomerate HNA Group.
PE-backed Cushman & Wakefield prepares for US listing
A global commercial property services provider that TPG Capital and PAG Asia Capital created through the merger of Australia’s DTZ with US-based Cassidy Turley and Cushman & Wakefield, has filed for a US IPO.
China cross-border GP AGIC opens London office
AGIC Capital, a private equity firm focused on China-Europe cross-border investments, has opened an office in London to access new investment opportunities and grow its investor base.
Portfolio: Cathay Capital and Shopal
Shopal’s cross-border marketing ambitions and Cathay Capital’s Sino-French investment history have proven to be a strong match for tackling the expanding Chinese high-end consumer market
CITIC Capital invests China-Europe logistics providers
CITIC Capital has backed two China-Europe logistics providers in separate deals of undisclosed size. The GP is investing via its Silk Road Fund, which targets geographies in China’s One Belt One Road (OBOR) agenda.
East Ventures joins $32m ICO for Swiss bitcoin app
East Ventures, a VC firm focused on Japan and Southeast Asia, has joined a $32 million initial coin offering (ICO) for Switzerland-based bitcoin wallet operator BRD.
Baring Asia, PAI Partners buy cargo freight manager
Baring Private Equity Asia has teamed up with Europe-focused PAI Partners to acquire World Freight Company International (WFCI), which markets and manages cargo freight capacity for airlines.
Deal focus: CITIC backs China geothermal energy player
Investing in Icelandic geothermal energy required a certain level of creative thinking from CITIC Capital and China Everbright. But their partner, Artic Green Energy, is already making a difference in China's polluted cities
HQ raises $250m for Asia secondaries fund
HQ Capital has closed an Asia-focused secondaries fund at the hard cap of $250 million as part of an oversubscribed global fundraising drive that has received $674 million in third-party commitments.
Asian investors commit $150m to Arctic Green Energy
CITIC Capital and China Everbright have committed $100 million in debt and equity funding to Iceland-based geothermal energy developer Arctic Green Energy (AGE), alongside a $50 million loan facility provided by the Asian Development Bank (ADB).
Fund focus: CIC fund sees upside in trade chaos
A China-Europe cross-border VC fund backed by CIC plans to back technology companies positioned to benefit from new trade dynamics
China's CIC sets up $184m cross-border tech fund with Ireland
China Investment Corporation (CIC) has teamed up with state-controlled Ireland Strategic Investment Fund (ISIF) to launch a EUR150 million ($184 million) cross-border technology fund.
Hong Kong's EmergeVest makes UK logistics acquisition
Hong Kong-based EmergeVest – a PE firm established by former executives from HSBC’s Asia principal investments division – has made its seventh logistics acquisition in the UK with the purchase of CM Downton for GBP75 million ($103 million).
Cerberus buys Bluestone’s Australasia operations
Cerberus Capital Management has agreed to acquire the Australasian division of international financial services company Bluestone Group in an all-cash transaction. It will facilitate an exit for a PE unit of Lloyds Bank.
Cathay Capital to acquire German auto parts supplier
Cathay Capital Private Equity, a cross-border PE firm focusing on China, Europe and the US, has agreed to acquire a majority stake in German auto-parts maker E. Winkemann from Equistone Partners Europe.
CITIC Capital-led consortium to buy Euromoney data division
A consortium led by CITIC Capital has agreed to buy Euromoney Institutional Investor’s financial information database division for an equity value of $180.5 million.
CITIC Capital completes Axilone acquisition
CITIC Capital has completed the acquisition of Axilone, a Europe-headquartered packaging supplier to the cosmetics industry. The deal facilitates an exit for Oaktree Capital Management.
MSPEA leads acquisition of Greek skincare business
Morgan Stanley Private Equity Asia (MSPEA) and Profex, a Chinese skincare company, have agreed to pay EUR48.3 million ($57.7 million) for a majority interest in Korres, a Greek specialist cosmetics manufacturer.
Yunfeng joins Chinese consortium in Italy healthcare acquisition
Yunfeng Capital has teamed up with a group of Chinese strategic and financial investors to acquire 100% of Esaote, an Italy-headquartered manufacturer of medical diagnostic systems. The deal facilitates an exit for Ares Life Sciences among other investors.
China investors launch $77m cross-border AI fund
Chinese start-up accelerator Comb+ and the Beijing Institute of Collaborate Innovation have jointly launched a fund targeting EUR65 million ($77 million) that will invest artificial intelligence (AI) companies expanding into China.
SSG buys stake in Cox & Kings subsidiary
Hong Kong-based special situations investor SSG Capital Management has paid an undisclosed sum for a 34.4% stake in a UK subsidiary of Indian travel company Cox & Kings (C&K) known as Prometheon Holdings.
UK travel player gets $15m for Asia push
UK-based Airbnb management company Hostmaker has received a $15 million round led by Hong Kong private equity firm Gaw Capital and Thailand real estate developer Sansiri for an Asian expansion.
