CDH Investments Management
PE-backed Wenzhou Kangning Hospital targets $88m in HK IPO
Wenzhou Kangning Hospital, a private psychiatric specialty care service provider in China with several PE investors, has priced its Hong Kong IPO to raise as much as HK$681 million ($88 million).
PE-backed Giant to re-list in Shenzhen via reverse merger
Chinese online game developer Giant Interactive Group, which was taken private last year by a consortium of PE investors in conjunction with the company’s CEO, is seeking to re-list in Shenzhen through a reverse merger.
CDH to raise $600m China mid-market fund
CDH Investments is looking to raise $600 million for a China mid-market fund, with half of the corpus in US dollars and the other half in renminbi.
All-Stars Investment leads $300m round for China’s Tujia
All-Stars Investment has led a $300 million new funding round for Tujia.com, valuing the Chinese vacation-rental website at more than $1 billion.
Chinese personal finance app Wacai secures additional $80m
Hangzhou Wacai Science, a Chinese personal finance management mobile app developer, has raised an additional $80 million in an extended Series B round of funding led by New Horizon Capital.
China Modern Dairy buys KKR, CDH $245m JV stake
KKR and CDH Investments have agreed to sell their stake in Success Dairy to China Modern Dairy Holdings (CMDH) in exchange for $HK1.9 billion ($245 million) of CMDH stock.
PE-backed Wenzhou Kangning Hospital files for HK IPO
Wenzhou Kangning Hospital, the largest private psychiatric specialty care service provider in China backed by PE investors, has filed for an IPO in Hong Kong.
Alibaba, Tencent-backed online property insurer raises $931m
Zhong An Online Property Insurance, which was set up by Jack Ma and Pony Ma, the founders of Alibaba Group and Tencent Holdings, has raised RMB5.78 billion ($931 million) from a group of investors.
China hospitals: Complicated prescription
Private equity investors see huge opportunities in China’s hospital space on the back of healthcare reforms. But valuations are high, doctors are in limited supply, and regulation can be a headache
China middle market: Filling the void
A clutch of China GPs now manage funds of $1 billion or more, leaving the traditional middle market space underserved. Those that remain must convince LPs they can deal with a changing opportunity set
VC-backed WoWo jumps 2.85% on debut after $40m US IPO
WoWo, the Chinese entertainment-focused e-commerce platform that started out as operator of group-buying site 55tuan, jumped 2.95% on its NASDAQ debut after raising $40 million through its IPO.
China exits: Liquidity lags
Despite the return of domestic listings, many China PE investors are struggling on distributions. Much rests on the success of IPO reforms, the ability to execute trade sales, and an unblocking of the secondary market
CDH participates in $483m round for Chinese P2P lending platform
CDH Investments has participated in a RMB3 billion round ($483 million) round of funding for Shanghai Lujiazui International Financial Asset Exchange (Lufax), a Chinese peer-to-peer (P2P) lending platform controlled by Ping An Insurance Group.
CDH bets on Aver Asia's diversity
Southeast Asia-based equipment leasing business Aver Asia Corporation has no revenues or supplier relationships in China there is no desire to expand into the country. Yet when the company required capital, it turned to CDH Investments, a long-standing...
CDH invests in Southeast Asia equipment leasing business
CDH Investments has committed an undisclosed sum to Aver Asia Corporation, a Southeast Asia-based equipment leasing business. It is the latest in a clutch of deals the China-based GP has secured outside of its home market.
CDH commits $22m to China’s Zhongding Dairy Farming
CDH Investments has led a RMB400 million ($64 million) Series A round of funding for Zhongding Dairy Farming. Its individual commitment is RMB140 million.
VC-backed Chinese home furnishing site Jia.com raises $160m
Jia.com, a Chinese home furnishing and decoration B2C online platform backed by several VC firms, has completed a Series D round of funding worth $160 million.
VC-backed WoWo sets terms for $66m NASDAQ IPO
Chinese entertainment and lifestyle-focused e-commerce platform WoWo – which started out as operator of group-buying site 55tuan – plans to raise up to $66 million through its IPO on NASDAQ.
Carlyle-backed Meinian Onehealth invests in rival Ciming Health
Meinian Onehealth Healthcare, China’s largest private provider of healthcare check-up services and a portfolio company of The Carlyle Group, has invested in industry rival Ciming Health Checkup Management Group.
China e-commerce player WoWo files for US IPO
WoWo, which came to prominence as operator of the 55tuan group-buying site before expanding into a broader entertainment and lifestyle-focused e-commerce platform, has filed for a US IPO.
China's CDH exits CNinsure via share buy-back
CDH Investments is exiting CNinsure, a China-based distributor of insurance products, after members of the management team agreed to buy back its stake for $54.1 million.
CDH halts investment on China VC fund
CDH Investments has halted deployment of its latest China venture capital fund in the wake of several departures.
AVCJ Awards: Deal of the Year - Large Cap: Nanfu Battery
CDH Investments’ acquisition of Nanfu Battery is a rare carve-out from a multinational in China, and an even rarer example of a PE firm returning to back a former portfolio company
The trust factor: Repeat buying in Asian PE
Navis Capital Partners completed a management buyout of Dome Coffees Australia in 2003. The business grew and Navis prospered, securing a 3.5x return on exiting the asset via another management buyout five years later. Fast forward to September 2014 and...