CITIC Capital Partners
KKR, TPG consider AsiaInfo bid – report
Several private equity firms – including KKR and TPG Capital – and strategic investors are reportedly considering bids for AsiaInfo-Linkage, the US-listed firm that is already subject to a buyout offer from CITIC Capital.
Shenzhen PE firm reaches first close on debut property fund
PTiFund, a Shenzhen-based private equity firm backed by Hong Kong-listed property developer Top Spring International Holdings, has announced a first close of RMB125 million ($19.6 million) on its debut fund. The full target is RMB500 million.
CITIC holds $225m first close of fourth property fund
CITIC Capital has held a first close on its fourth Chinese real estate vehicle, CITIC Capital China Retail Properties Investment Fund, at $225 million.
Japanese outbound M&A: Strategic imperative
Indonesian snacks and beverages producer GarudaFood appeared to be heading The Carlyle Group’s way in mid-June. The PE firm was said to have outbid Japanese beverage firm Suntory by agreeing to pay $200 million for a 25% stake in the company. Then silence....
Vector, with CITIC Capital, acquires US-based graphic manufacturing group
Tech-focused PE firm Vector Capital has acquired a majority stake in Gerber Scientific, an international supplier of automated manufacturing systems used in signs, specialty graphics, apparel and the industrial sector. Chinese firm CITIC Capital Partners...
Higashiyama Film accepts CITIC Capital Japan's takeover bid
CITIC Capital Partners Japan announced that its tender offer for Higashiyama Film, a Nagoya-based industrial use film maker special film maker, has been accepted.
China's brokerages get the green light to launch funds
The flood of entrants into China's domestic private equity market has largely been driven by cash-rich companies, local government entities and high net worth individuals all chasing pre-IPO deals. Formal financial institutions have found themselves held...
China funds: Cult of personality
Wang Gongquan's apparent departure from China’s private equity industry was nothing if not dramatic. An early-stage investment pioneer with IDG Venture Partners, Wang went on to found CDH Venture Capital, notably guiding Qihoo 360 to the US markets in...
CITIC PE to launch $773m mezzanine fund
The private equity unit of CITIC Securities is looking to tap into debt finance by launching a RMB5 billion ($773 million) mezzanine fund, Reuters reported.
CITIC Capital, Vector take RAE Systems private
CITIC Capital Partners and Vector Capital, a technology-focused global private equity firm, have completed the acquisition of RAE Systems in a take-private transaction worth approximately $138 million.
CITIC sees role for USD funds in bringing foreign firms to China
Multinational companies looking to expand and raise funds in China will increasingly turn to domestic private equity firms for assistance, according to Wu Yibing, president of CITIC Private Equity Funds Management Co.
Rising pressures in Chinese private equity
IN THE PAST FEW YEARS, PRIVATE equity and venture capital firms have already established the industry as a credible source of financing for Chinese companies in need of capital. With the recent IPOs of Chinese entities, in particularly NASDAQ (that have...
CITIC PE closes debut USD fund on $990m
CITIC PRIVATE EQUITY FUNDS Management (CITIC PE) has closed its debut US Dollar fund, CPEChina Fund, L.P., on $990 million of committed capital. The closing comes at a time when interest in China-focused funds, especially those denominated in RMB, are...
CITIC PE raises $990m second fund
China-focused CITIC Private Equity Funds Management (CITIC PE), has closed its second fund, the CPEChina Fund, L.P., with $990 million of committed capital.
A time of reflection
Reading and watching the news of late is like flipping through a modern day interpretation of the Old Testament: pestilence, war, famine and death are everywhere, and it seems someone up above is angry. From Japan to Libya and New Zealand to Yemen, the...
CITIC closes second Japan fund
CITIC Capital Partners, the private equity arm of CITIC Capital Holdings Limited, has closed its second buyout fund dedicated to Japan with commitments of over JPY 18 billion ($217 million) – a similar size to its first fund.
CITIC closes Japan fund
CITIC Capital Partners, the private equity arm of CITIC Capital Holdings Limited, has closed its second buyout fund dedicated to Japan with a commitment of over JPY 18 billion ($217 million), a similar size to its first fund.
Advantage exits Pokka in trade sale
In a week marked by trade sales in the food and beverage industry, Tokyo-based Advantage Partners has announced it will exit its entire 40% stake in Pokka Co., a Japanese coffee and soft drink maker to Sapporo Holdings, the local brewery major which already...
CITIC Capital invests shopping mall in Funan
CITIC Capital Holdings Ltd. has invested around RMB1.5 billion ($223 million) in a real estate project, the ID Mall, in Changsha, the capital city of China's Hunan province. from its real estate fund.
Wise Partners outbid PE rivals to take Goldman's Teibow
Wise Partners, a Japanese private equity firm, will buy Teibow Co., a local maker of felt pen tips, from US investment bank Goldman Sachs for between JPY10-15 billion ($117-176 million).
Entertainment and media is where it's at
According to PricewaterhouseCooper’s Global Entertainment & Media Outlook, following a depressed 2009, during which E&M spend fell 5.4% from 2008, the industry is experiencing a 5% compounded annual growth spurt with the extended forecast period to 2014...
Goldman Sachs to sell its 86% stake in Teibow
Goldman Sachs is set to sell its 86% stake in Japanese manufacturer of pen nibs Teibow Co. for as much as JPY10 billion ($113 million), according to reports.
CITIC targets Japan's Tri-Wall
PRC private equity firm CITIC Capital Partners is reportedly seeking to invest Japanese packaging business Tri-Wall KK, for around $65.5 million.
Japan: Spring after a long winter?
After a long winter, private equity activity in Japan is slowly but surely showing signs of recovery. In particular, mid-cap acquisitions by private equity players are reviving deal flow.