CITIC Capital
CITIC Capital-led consortium to buy Euromoney data division
A consortium led by CITIC Capital has agreed to buy Euromoney Institutional Investor’s financial information database division for an equity value of $180.5 million.
Deal focus: CITIC identifies OBOR cleantech angle
Organica Water's plans to build botanical garden-style wastewater treatment plants in urban centers along the Silk Road make it well-suited to CITIC Capital's One Belt One Road (OBOR) agenda
CITIC Capital leads Series D for Organica Water
CITIC Capital has led a $21 million Series D investment in Organica Water, a US-based environmental infrastructure company with extensive operations in Asia.
CITIC Capital takes majority control of Harbin Pharmaceutical
CITIC Capital has increased its stake in Harbin Pharmaceutical Group to 60.86%, becoming the controlling shareholder of the Chinese state-backed business in which it has been an investor since 2005.
CITIC Capital completes Axilone acquisition
CITIC Capital has completed the acquisition of Axilone, a Europe-headquartered packaging supplier to the cosmetics industry. The deal facilitates an exit for Oaktree Capital Management.
AVCJ Awards 2017: PE Professional of the Year: Yichen Zhang
Yichen Zhang, CEO of CITIC Capital, discusses fundraising, working on outbound deals, the appeal of China divestments by foreign companies, and leading a multi-strategy firm
CITIC Capital to acquire New Zealand's Trilogy for $175m
CITIC Capital has agreed to buy Trilogy International (TIL), a producer of skincare products and fragrances listed in New Zealand and Australia, for NZ$250 million ($175 million) via a scheme of arrangement.
Baring, CITIC Capital to buy Wall Street English from Pearson
Baring Private Equity Asia and CITIC Capital have agreed to acquire English language training provider Wall Street English (WSE) in a deal that will deliver cash proceeds of around $300 million to existing owner Pearson.
Portfolio: CITIC Capital and Oriental Cambridge Education Group
Oriental Cambridge Education Group was already a leader in China’s early childcare market when CITIC Capital acquired it in 2014. The GP has strengthened the company to tackle new challenges
China's Phoenix Travel gets $105m Series C
Phoenix Travel Group, a China-based travel services provider, has raised a RMB700 million ($105 million) Series C round led by CITIC Capital, Haier Capital, Legend Holdings and Legend Capital.
CITIC Capital nears buyout of packaging player Axilone
China-focused GP CITIC Capital has entered into advanced negotiations with Oaktree Capital Management to buy Axilone, a Europe-headquartered packaging supplier to the cosmetics industry.
China electronics recycling platform raises $46m
Huishoubao, a Chinese online recycling platform for electronic devices, has raised a RMB300 million ($46 million) Series B round led by Asia-focused private equity firm Strait Capital Investment Group.
One Belt One Road: Probationary bonanza
China’s One Belt One Road agenda is set to be a driving force in M&A activity that reshapes economies across Eurasia for decades to come. Early movers are consequently negotiating a new world of variables
Chinese supply chain financing player gets $30m Series B
Linklogis, a Chinese supply chain finance provider, has raised RMB200 million ($30 million) in Series B funding from Tencent Holdings, China Merchants Venture Capital and Bertelsmann Asia Investments.
Deal focus: CITIC Capital, 3i team up in auto services
CITIC Capital and 3i have together committed $265 million to Formel D with a view to helping the German auto testing and inspection business expand its footprint in Asia
CITIC Capital, 3i acquire German auto services provider
China-focused GP CITIC Capital has teamed up with 3i Group to acquire Formel D - a German provider of vehicle testing and other support services to the auto industry - from private equity firm Deutsche Beteiligungs AG (DBAG).
CITIC Capital raises $1.57b for US dollar tranche of China fund
CITIC Capital Partners has closed the US dollar-denominated portion of its latest China fund at the hard cap of $1.57 billion after about one year in the market. The renminbi tranche is still being raised, with a target of RMB3 billion ($439 million).
Japan consumer: Beyond borders
Private equity investors see an opportunity in taking advantage of the popularity of Japanese brands in other Asian markets. Making these strategies work requires patience and a tolerance for risk
CITIC Capital in $600m Australian health acquisition
CITIC Capital China has joined a consortium including China’s Humanwell Healthcare to acquire the sexual health division of Australia-listed medical products supplier Ansell for $600 million.
One Belt One Road: Critical mass
One Belt One Road aims to recast two continents’ worth of disconnected developing markets as a global economic nucleus. It is a geopolitical watershed with deep and complex investment potential
CITIC Capital to exit Japanese chemicals manufacturer
CITIC Capital has agreed to exit 100% of Japanese chemicals manufacturer Polymatech to two domestic strategics.
Private equity-backed SF Express lists in Shenzhen
China’s largest express delivery services provider SF Express, which is backed by several PE investors, has completed a backdoor listing in Shenzhen that values the business at RMB43.3 billion ($6.6 billion).
Fund focus: CITIC rides the Japan wave
CITIC Capital raises $268 million for third Japan fund, benefiting from an upturn in investor sentiment that should prove to be a boon for Japanese GPs in general
CITIC Capital closes third Japan fund at $268m
CITIC Capital Partners has achieved a final close on its third Japan buyout fund at the hard cap of JPY30 billion ($268 million). Three investments have already been made from the vehicle across retail and healthcare.