CITIC Capital
CMC, CITIC Capital acquire 13% of City Football Group
China Media Capital Holdings (CMC Holdings) and CITIC Capital have paid $400 million for a 13% stake in Abu Dhabi-based City Football Group (CFG), which owns the Manchester City Football Club and other related businesses.
PE-backed ZhongDi Dairy targets $65m Hong Kong IPO
China ZhongDi Dairy Holdings, a private equity-backed dairy farm operator that supplies raw milk to leading brands such as Mengniu Dairy and Yili Group, is targeting a Hong Kong IPO of up to HK$508.4 million ($65.6 million).
CITIC Capital to list on China’s New Third Board
Chinese alternative investment firm CITIC Capital Holdings is seeking to list on the National Equities Exchange and Quotation (NEEQ), also known as the New Third Board.
CITIC Capital buys Japan-based footwear brand
CITIC Capital Partners has acquired Japanese footwear company Akakura for an undisclosed sum.
CITIC Capital appoints healthcare specialist
CITIC Capital Partners has appointed Haipeng Zhang as a senior managing director, with the intent of focusing on healthcare investments.
PE-backed Focus Media finds new shell for backdoor listing
Private equity-backed Focus Media has found a new shell company – Shenzhen-listed communications equipment manufacturer Hedy Holdings – for its backdoor listing.
Deal focus: CITIC Capital gears up global strategy
When CITIC Capital and Crestview Partners bought Canadian auto parts supplier Stackpole International for $512 million in 2013, they had little suspicion that they would be exiting less than two years later. But they did feel that Stackpole’s variable-speed...
China P2P lending site Firstp2p raises $41m
Firstp2p, a Chinese online peer-to-peer (P2P) financing site, has raised a $41 million Series B round of funding from San Shan Capital, CITIC Capital and China Equity.
Deal focus: Investors book trip with China’s Tongcheng
China's travel industry is booming but it is still heavily reliant on offline transactions. According to Derek Wang, an executive director with CITIC Capital, online penetration of the sector is just 12% – a tiny figure when set against 55% in the US...
Joy Capital leads $60m round for Chinese vacation rentals site
Xiaozhu.com, a Chinese short-term rental site, has completed a Series C round of funding worth $60 million led by Joy Capital, a new VC firm spun-out from Legend Capital.
Wanda, Tencent, CITIC Capital join $967m round for China travel site
Wanda Group, Tencent Holdings and CITIC Capital have participated in a RMB6 billion ($967 million) financing round for Tongcheng Network Technology, a VC-backed Chinese online travel agency.
Japan consumer: Big spenders
Japan’s gradual economic recovery could deliver a wealth of new opportunities in the consumer space. But to realize true value, private equity firms must look deeper, or in certain cases, further
Focus Media set for $7b reverse merger in Shenzhen - update
Shenzhen-listed Jiangsu Hongda New Material will acquire Chinese outdoor advertising business Focus Media, which was taken private two years ago by a consortium of PE investors and company management, for RMB45.7 billion ($7.37 billion), paving the way...
Focus Media to relist in Shenzhen via reverse merger
Chinese outdoor advertising business Focus Media, which was taken private two years ago by a consortium of PE investors in conjunction with company management, will re-list in Shenzhen through a reverse merger.
China middle market: Filling the void
A clutch of China GPs now manage funds of $1 billion or more, leaving the traditional middle market space underserved. Those that remain must convince LPs they can deal with a changing opportunity set
Deal focus: CITIC tries Mark Styler on for size
China's appetite for fashion is massive and growing. A recent report by the Fung Business Intelligence Centre put the country’s apparel retail market at around RMB1.14 trillion ($187 billion) in 2013, up 11.6% from the previous year. China is expected...
CITIC Capital buys Japan apparel brand
CITIC Capital has acquired Japanese women's apparel company Mark Styler for an undisclosed sum.
Hua Capital, CITIC, Goldstone to buy OmniVision for $1.9b
A Chinese PE consortium comprising Hua Capital, CITIC Capital and Goldstone Investment have agreed to buy OmniVision Technologies, a US-listed chip maker for smart phones and tablet cameras, for $1.9 billion in cash.
CITIC Capital raises $140m via Cinda sell-down
CITIC Capital has exited its entire holding in China Cinda Asset Management, selling a 1.96% stake in the Hong Kong-listed non-performing loans manager for HK$1.09 billion ($140 million).
Renren backs China used car platform Cheyipai
Chinese social networking platform Renren has led $110 million Series D round of funding for Cheyipai, a Chinese second-hand car trading platform.
China outbound: More haste, less speed
Much is expected of Chinese private equity firms in terms of cross-border acquisitions in Europe and the US. While broader economic dynamics point to more deal flow, the GPs themselves are moving with caution
CITIC Capital exits Japanese bone china maker Narumi
CITIC Capital Partners has exited Japanese bone china and tableware manufacturer Narumi Corporation to Ishizuka Glass for JPY4.3 billion ($36.2 million).
CITIC launches tender offer for Japan's Schott Moritex
CITIC Capital Partners has launched a tender offer to acquire a controlling stake in Schott Moritex Corporation, a Japan-based manufacturer of vision lenses for machines.
CITIC to build China construction education business
The evolution of China's education market can be divided into three periods that have, so far, delivered distinct kinds of companies. Phase one was the IPO boom of 2006-2008 when service providers focused on overseas studying and professional qualifications...