China Development Bank
Chinese pork producer Zhongpin agrees PE-backed take-private
NASDAQ-listed Chinese pork producer Zhongpin has agreed to a private equity-backed management buyout by its chairman and CEO, Xianfu Zhu. The deal values the company at $502 million.
Discovery Metals rejects Cathay Fortune buyout offer
Australian copper miner Discovery Metals has rejected a A$830 million ($848 million) takeover bid from Chinese private equity firm Cathay Fortune Corporation (CFC) and state-sponsored China-Africa Development Fund (CAD).
Terra Firma, CDB to launch infrastructure fund – report
UK-based private equity firm Terra Firma and China Development Bank (CDB) are reportedly planning to launch an energy infrastructure fund worth $3-5 billion at an investor meeting this week.
State banks launch Sino-French fund
The role of Chinese PE firms in outbound investment is poorly defined: In the absence of clear guidelines, participants must win approval from every single regulator. One way to avoid the red tape is by partnering with a government-backed entity, which...
China investment in Europe surges in second quarter
China’s outbound direct investment reached $24 billion in the second quarter of 2012, up 67% year-on-year, according to a research published by Sino-European private equity firm A Capital. Investment in Europe – which accounts for 48% of total deals...
CDB forms $189m cross-border fund with France
China Development Bank (CDB) has teamed up French state-owned bank Caisse des Dépôts to create a EUR150 million ($189 million) fund to promote the international expansion of French and Chinese small- and medium-sized enterprise (SMEs). Each party will...
CDB Capital raises $1.4b for fund-of-funds
CDB Capital, the fund management arm of China Development Bank, has reached a second close of RMB9 billion ($1.4 billion) for its new private equity fund-of-funds.
Mandarin Capital achieves 3x return on Euticals exit
Mandarin Capital Partners has sold more than half of its stake in Italian pharmaceutical ingredient maker Euticals, netting a return of three times of its initial investment - a record for Chinese private equity outbound investment.
CDB fails to land RBS aviation unit despite making highest bid
China Development Bank (CDB) made the highest bid for Royal Bank of Scotland’s aviation-leasing unit but lost out on the transaction due to concerns about its ability to close the deal. The asset was sold to Sumitomo Mitsui Financial Group (SMFG) for...
Japan’s SMFG beats CDB to aircraft-leasing deal
Japan’s Sumitomo Mitsui Financial Group (SMFG) and Sumitomo Corp. have agreed to purchase Royal Bank of Scotland’s (RBS) aircraft-leasing business in a deal worth $7.3 billion. SMFG will take around 70% of RBS Aviation Capital, with trading company...
Reliance seeks loan from CDB
India’s second-largest mobile operator Reliance Communication, which has been struggling to sell its telecom tower arm, is in talks with China Development Bank (CDB) for a loan to restructure its debt.
Permira named CDB's European PE partner
UK-based private equity firm Permira has entered into an agreement with CDB Capital, the investment arm of government-owned China Development Bank, to become the bank’s exclusive European private equity partner.
Asian bidders compete for RBS’ aircraft leasing business
Sumitomo Mitsui Financial Group, China Development Bank and a consortium led by Australia’s Macquarie are among the final bidders for RBS Aviation Capital, the aircraft leasing business being divested by Royal Bank of Scotland. The only other potential...
CDB to launch overseas operation, partner with KKR, TPG
China Development Bank (CDB) will reportedly launch an overseas investment operation in Hong Kong and sign strategic partnerships with several global private equity players, including TPG, KKR and Permira.
CDB to invest in MP Pacific Harbor Capital
China Development Bank (CDB) is poised to become a cornerstone investor in MP Pacific Harbor Capital, an Asian credit fund, as part of a wider initiative to take stakes in private equity and hedge funds.