Centurium Capital
Centurium scales back China fund target to $1.5b
China-focused private equity firm Centurium Capital is looking to raise USD 1.5bn for its second US dollar-denominated fund, having originally targeted USD 2.5bn in a stop-start process that began more than three years ago.
Investors endorse 'long Chinese' thesis - AVCJ webinar
The shift from “long China” to “long Chinese,” which has gained traction as a soundbite as investors look to back local entrepreneurs in overseas markets, was highlighted once again during AVCJ’s China Private Markets Outlook webinar.
ADIA, GIC lead $300m round for China's Taibang Biologic
Taibang Biologic Group, a specialist in blood plasma-based pharmaceuticals formerly known as China Biologic Products, has raised a USD 300m round led by Abu Dhabi Investment Authority (ADIA) and GIC.
Centurium leads $200m round for China textile tech specialist
Centurium Capital has led a USD 200m investment in NTX, a Shanghai-based textile technology start-up that aims to serve as an eco-friendly supply chain partner to fashion and apparel brands.
China GPU chip developer Iluvatar raises $149m
Iluvatar CoreX, a Shanghai-based designer of chips used in cloud computing, has raised CNY 1bn (USD 149m) across two additional tranches of Series C funding. The first tranche closed on CNY 1.2bn in March 2021.
AVCJ Awards 2021: Deal of the Year – Large Cap: China Biologic
For Centurium Capital, China Biologic was no ordinary take-private. It was the culmination of a multi-year effort to tighten the company’s shareholding structure and root out management inefficiencies
Centurium takes control of China's Luckin Coffee
Centurium Capital is now the controlling shareholder in Luckin Coffee, having teamed up with IDG Capital and Ares SSG to take out interests formerly owned by executives of the scandal-hit Chinese coffee shop chain.
Centurium invests $100m in China caterer Meican
Centurium Capital has provided a $100 million Series E round for Meican, a Chinese corporate food services company.
China car wash business achieves unicorn status
1km, China’s largest car wash company, has achieved a valuation of more than $1 billion on closing a Series D funding round across two tranches. It did not specify the size of the round.
China's ANE Logistics files for Hong Kong IPO
ANE Logistics, a Chinese road freight transportation business backed by Centurium Capital, CDH Investments, and CPE among others, has filed for a Hong Kong IPO.
PE investors complete $4.6b China Biologic take-private
An investor group including Centurium Capital, CITIC Capital and Hillhouse Capital has completed its protracted pursuit of China Biologic Products Holdings with a $4.6 billion privatization.
Deal focus: Centurium, Joy re-up in China's Luckin Coffee
Centurium Capital and Joy Capital have invested $250 million in scandal-hit Chinese coffee shop chain, with Centurium describing it as a sign of faith in the company’s business model and long-term prospects.
China e-signature specialist Fadada gets $139m Series D
Tencent Holdings, Centurium Capital, and ZWC Partners have contributed RMB900 million ($139 million) in Series D funding to Fadada, a Chinese e-signature and cloud contract service provider.
Chinese GPU chip designer raises $186m
Iluvatar CoreX, a Shanghai-based computing chip designer has raised RMB1.2 billion ($186 million) in Series C funding led by Cedarlake Capital and Centurium Capital.
Deal focus: ANE Logistics targets attractive middle
China’s less-than-truckload logistics market, which sits in between express couriers and big truck operators, is ripe for consolidation. GPs have identified their favored players
PE-backed Luckin files for bankruptcy in the US
Chinese coffee shop chain Luckin Coffee, which has several private equity backers, has filed for bankruptcy protection in the US to aid its restructuring efforts following the emergence of a sales fraud last year.
Tencent backs China enterprise training start-up
Yunxuetang, a Chinese online corporate training services provider, has raised more than $100 million in the first tranche of Series E round led by Tencent Holdings.
China due diligence: Nightmare scenarios
Luckin Coffee’s precipitous rise and fall is a reminder of longstanding issues around corporate fraud in China. Failing to spot problems before they emerge remains a key concern for PE investors
China's Xpeng raises $1.5b in US IPO, soars on debut
Chinese electric vehicle manufacturer Xpeng – which has a string of PE and VC investors – gained 41% on its New York trading debut after raising $1.5 billion in an upsized IPO.
Centurium buys Beijing children's hospital
Centurium Capital has acquired a controlling stake in Beijing Jingdu Children’s Hospital, which claims to be the largest privately-owned children’s hospital in China, for approximately $150 million.
Luckin's chairman, PE backers removed from board
The chairman and largest shareholder in scandal-hit Chinese coffee shop chain Luckin Coffee has been removed at the second attempt. Representatives of several of the company’s private equity backers have also left the board.
Investigation confirms fraud at China's Luckin Coffee
Private equity-backed Chinese coffee shop chain Luckin Coffee has confirmed earlier suspicions of large-scale financial fraud in its operations, while a proposal to remove the company’s chairman failed to receive enough shareholder support.
Chinese smart car wash business closes $84m Series C
1km, China’s largest car wash company, has raised RMB600 million ($84 million) in Series C funding across three tranches. The most recent - worth $30 million - was led by ClearVue Partners.
NASDAQ moves to de-list China's Luckin Coffee
Luckin Coffee, a private equity-backed Chinese coffee shop chain currently enmeshed in a fraud scandal, faces being delisted from NASDAQ.