CDH Investments Management
CDH realizes $806m through part-exit from WH Group
CDH Investments has made another partial exit from Chinese pork producer WH Group, selling an approximately 6.83% stake for HK$6.25 billion ($806 million).
VC-backed Tujia acquires Ctrip, Qunar's homestay assets
Chinese vacation rental platform Tujia, which has several VC and PE investors, has acquired the homestay businesses of travel websites Ctrip and Qunar, strengthening its already dominant position in China’s accommodation sharing market.
China GPs see window of opportunity to work with corporates on outbound M&A - M&A Forum
China-focused GPs are cautious about partnering with Chinese corporates on outbound M&A deals, although there is increasing demand for their support in terms of identifying acquisition targets and facilitating post-investment integration.
CDH to make partial exit through Baroque Japan IPO
Baroque Japan, an apparel business majority-owned by CDH Investments and Chinese women’s shoe retailer Belle International, is seeking to raise around JPY30.86 billion ($307 million) through a Tokyo IPO.
CDH closes $525m renminbi mezzanine fund
China-based CDH Investments has closed its latest renminbi-denominated mezzanine fund at RMB3.5 billion ($525 million), exceeding a target of RMB2 billion.
CDH raises $1.2b via sell down of China-based WH Group
CDH Investments, the largest PE shareholder in WH Group, will raise HK$9.25 billion ($1.19 billion) by exiting a 10.6% stake in the Chinese pork processor.
PE-backed Chinese consortium buys Caesars games business for $4.4b
Yunfeng Capital, Hony Capital and CDH Investments' wealth management platform are part of a consortium that has agreed to buy Caesars Interactive Entertainment’s (CIE) social and mobile games business for $4.4 billion in cash.
China vacation rental site Tujia acquires VC-backed peer Mayi
VC-backed Chinese vacation-rental website Tujia.com has agreed to take control of its industry peer Mayi.com, which has also received venture investment, for an undisclosed sum.
The communicators: Investor relations in Asia
GPs in Asia are devoting more resources to investor relations in response to increased reporting requirements and a challenging fundraising environment. But finding the right IR formula is not easy
China online grocer Benlai raises extended Series C round
Benlai.com, a Chinese B2C-focused online grocery supplier, has raised an extended Series C round of funding worth $17 million.
PE-backed Giant completes $2b backdoor listing in Shenzhen
Chinese online game developer Giant Interactive Group, which was taken private by a consortium of PE investors in conjunction with the company’s CEO, has completed a backdoor listing in Shenzhen that values the business at RMB13.1 billion ($2 billion).
Hollywood fever: Alibaba targets the movies
An investment in Taobao Movie is essentially a bet on how the company can leverage what Alibaba Pictures might become, as well as on the broader Chinese box office
CDH leads round for Alibaba Pictures ticketing business - update
CDH Investments' wealth management platform, Ant Financial Services and Sina Corp. have led a RMB1.7 billion ($260 million) Series A round of funding for the online movie ticketing platform of Alibaba Group’s Hong Kong-listed film and entertainment...
CDH makes partial exit from Hong Kong-listed Luye Pharma
CDH Investments has made another partial exit from China-based drug developer Luye Pharma, generating proceeds of between HK$709 million ($91.4 million) and HK$729 million.
CDH exits Beijing Digital Telecom
CDH Investments has made a full exit from Hong Kong-listed Beijing Digital Telecom (BDT), one of China’s largest mobile retail chains, raising HK$366.93 million ($47 million).
PE-backed Hengyang Cattle set for China reverse merger
Heilongjiang Hengyang Cattle Industry, a Chinese beef processor backed by CDH Investments and other PE investors, plans to list in Shenzhen through a backdoor listing.
CDH targets $1.1b buyout of US-listed Zhaopin
CDH Investments is part of a consortium that has submitted a take-private offer for Chinese recruitment website Zhaopin, which is majority owned by Australia’s Seek. The bid values the US-listed company at $1.1 billion.
China’s Lufax raises $1.2b round
Shanghai Lujiazui International Financial Asset Exchange (Lufax), a Chinese online finance platform controlled by Ping An Insurance Group, has completed a $1.22 billion round of funding.
CDH-owned Nanfu Battery completes China reverse merger
CDH Investments-controlled Fujian Nanping Nanfu Battery, China’s leading manufacturer of alkaline batteries, has listed on the National Equities Exchange and Quotations (NEEQ) through a reverse merger.
Deal focus: Investors back Benlai’s cold chain solution
Chinese online grocery supplier Benlai.com raises $100 million in Series C funding to support expansion of its cold chain logistics network
China online food retailer Benlai raises $100m
Benlai.com, a Chinese B2C-focused online grocer, has raised approximately $100 million in a Series C round of funding.
China online ticketing sites Weiying Times, Gewara to merge
Chinese movie ticket-booking platforms Beijing Weiying Times Technology and Gewara – both of which have received several rounds of funding from VC and strategic investors – have agreed to merge.
Lufax, China private funds to launch online products
Shanghai Lujiazui International Financial Asset Exchange (Lufax), a Chinese online financial platform controlled by Ping An Insurance Group, has signed agreements with 30 domestic private investment fund managers that will see their products distributed...
CDH-backed Dali Foods seeks $1.3b HK IPO
Chinese food and beverage manufacturer Dali Foods Group, which is backed by CDH Investments, has launched a Hong Kong IPO with a target of HK$10.4 billion ($1.3 billion).