China Everbright
China Everbright to receive investment mandate from NSSF
China Everbright (CEL), the Hong Kong-listed multi-platform asset manager backed by state-owned China Everbright Group, is set to receive a separate account mandate from the National Council for Social Security Fund (NSSF), China’s largest pension fund.
Everbright-IDG fund invests $297m in China UnionPay Merchant
China Everbright (CEL) and IDG Capital Partners have acquired a 9.3% stake in China UnionPay Merchant Services (UMS), a third-party payment provider, for RMB2 billion ($297 million).
ABF’s China cane sugar business sold to PE-backed consortium
Associated British Foods (ABF), a UK-based food processing and retailing company, has agreed to sell its cane sugar business in southern China to a PE-backed consortium led by Shenzhen-listed Nanning Sugar Industry for RMB1.68 billion ($252 million).
Deal focus: IDG, CEL play movie industry long game
In acquiring a controlling stake in Shanghai Film Art Academy, the IDG-Everbright M&A Investment Fund is looking to support the next generation of Chinese filmmakers
IDG-Everbright fund buys Shanghai Film Art Academy
China Everbright (CEL) and IDG Capital Partners have acquired a controlling stake in the Shanghai Film Art Academy for an undisclosed sum.
China Everbright, Focus Media form $750m TMT fund
China Everbright and its portfolio company Focus Media, a Chinese outdoor advertising business, have launched a RMB5 billion ($750 million) investment fund that will invest in the technology, media and telecom (TMT) sector.
China Everbright reaches first close for global fund
China Everbright has reached a first close of $264 million on a new global investment fund.
3D printing: Dimension jump
3D printing technology is expected to grow at an accelerated rate now that its practical applications have come into focus. As a global manufacturing leader, Asia could be at the center of the boom
Everbright mezzanine fund backs western China education player
China Everbright has invested an undisclosed sum in Sichuan Hope Education Group, which claims to be the largest private education provider in western China, through its renminbi-denominated mezzanine fund.
China Everbright, IDG launch $3b M&A fund
China Everbright (CEL) and IDG Capital Partners have launched a joint M&A investment fund of at least RMB20 billion ($3 billion) in size that will support the growth of companies in China and overseas.
Deal focus: IDG backs Circle’s payments play
Circle is ready to test its blockchain-based online peer-to-peer payments platform in China, with support from a string of local financial and strategic investors
China Everbright's mezzanine fund backs Neusoft Medical
China Everbright has invested an undisclosed amount in Chinese healthcare conglomerate Neusoft Holdings through its renminbi-denominated mezzanine fund.
IDG leads $60m round for US fintech start-up's China push
IDG Capital Partners has led a $60 million financing round for Circle, a US-based financial technology start-up seeking to build a blockchain-supported peer-to-peer payments system business in China.
China mezzanine: Hybrid solutions
Investors see more opportunities in the growth mezzanine space as China’s economy slows, but deal structuring is a challenge due to the need for onshore and offshore components
China’s Everbright, Baofeng buy control of MP & Silva
Two Chinese companies – Everbright Securities and entertainment specialist Beijing Baofeng Technology – have acquired a 65% stake in Italy-based sports media rights firm MP & Silva (MPS).
China Everbright acquires elderly care business
China Everbright has acquired a 67.3% stake in Beijing Huichen Nursing Home Management, a healthcare services provider for more than 10,000 Chinese seniors.
Everbright ReinFore closes debut China fund at $355m
Everbright ReinFore, a China-focused PE firm that spun out from an offshore asset management arm of China Everbright Group, has reached a final close on its debut fund at approximately $355 million across two vehicles.
China’s Travelzen raises $93m, plans for onshore exit
Travelzen.com, a Chinese B2B online travel platform, has raised a RMB600 million ($93 billion) Series C round from a group of domestic GPs, having removed its variable interest entity (VIE) structures in preparation for an onshore exit.
China Everbright, Catalyst back 3D printing player
China Everbright and Israel-based Catalyst Private Equity have led a $25 million investment in 3D printing company XJet.
China Everbright, Catalyst raise $200m for Israel fund
Catalyst CEL Fund, which is managed by Hong Kong-based asset manager China Everbright and Israel’s Catalyst Private Equity, has beaten its initial target of $200 million.
Everbright ReinFore invests in China’s Huasheng Finance
Everbright ReinFore, a private equity arm under China Everbright Group, has led a Series B round of funding for Huasheng Finance, a Chinese online lending platform.
China Everbright launches renminbi fund-of-funds
China Everbright has established a fund-of-funds with initial capital of RMB5 billion ($769 million) and a full target of RMB10 billion.
PE-backed Focus Media re-lists in Shenzhen
Focus Media, a Chinese outdoor advertising business taken private in 2013 by the CEO and a consortium of private equity investors, has re-listed in Shenzhen.
Everbright leads $63m round for China's Baifendian
Baifendian, a Beijing-based big data technology developer backed by several VC investors, has raised RMB400 million ($63 million) in a Series D round of funding led by Everbright Securities.