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      2023-china-216x305
      Regional Reports

      The reports review the year's local private equity and venture capital activity and are filled with up-to-date data and intelligence on fundraising, investments, exits and M&A. The regional reports also feature information on key companies.

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Citic Private Equity

PE-backed Luye, Rundong target HK IPOs – report

Two private equity-backed Chinese companies – Rundong Automobile Group and Luye Pharma Group – are reportedly planning to raise a total of $1.5 billion through Hong Kong listings.

  • Greater China
  • 10 February 2014
CITIC Capital consortium completes $887m AsiaInfo take-private

CITIC Capital Partners has completed the privatization of US-listed Chinese telecom software provider AsiaInfo-Linkage in a deal that values the company at $887 million. CITIC Private Equity and China Broadband Capital were also part of the buyer consortium....

  • Buyouts
  • 16 January 2014
CITIC PE leads Series C for China taxi booking app - report

CITIC Private Equity has reportedly led a Series C round of funding worth up to $100 million for Didi Dache, a Chinese taxi booking app. Existing investor Tencent is also among the participants.

  • Venture
  • 03 January 2014
Adding extra: China bolt-on acquisitions

Private equity firms are exploring various strategies to help Chinese companies expand overseas. Bolt-on acquisitions are a proven approach in some markets, but that doesn’t mean they work for corporate China

  • Buyouts
  • 04 December 2013
CITIC Goldstone to end US dollar fund, continue RMB fund

Goldstone Investment, the direct investment arm of China’s CITIC Securities, is likely to discontinue its US dollar-denominated fund but the firm will remain active on the renminbi side.

  • Greater China
  • 30 September 2013
Temasek names Goldstone's Yibing Wu as China head

Temasek Holdings has named Yibing Wu as senior managing director and head of China. Wu is currently chairman and CEO of Goldstone Investment, the direct investment arm of China’s CITIC Securities, and the president of CITIC Private Equity Funds Management....

  • Greater China
  • 13 September 2013
CITIC PE completes $370m 3SBio take-private

Chinese biotechnology firm 3SBio will delist from NASDAQ after shareholders voted in favor of a privatization bid from a group led by the company’s CEO and CITIC Private Equity. The deal, which values 3SBio at $370 million, is the eighth successful PE-backed...

  • Buyouts
  • 03 June 2013
CITIC PE to launch offshore energy fund with Canadian asset manager

CITIC Private Equity has entered into a joint venture with Canadian asset manager Sprott to set up an offshore global resources fund. The vehicle fits in with China’s strategic interest in acquiring overseas energy assets required to sustain economic...

  • Fundraising
  • 31 May 2013
Son of ex-China politburo member raises PE fund

The son of He Guoqiang, until last year the member of China's politburo standing committee responsible for policing corruption in government, has established a private equity firm called Nepoch Capital.

  • Greater China
  • 10 April 2013
3SBio shareholder opposes CITIC PE-backed take-private

One of the largest shareholders of Chinese biotechnology firm 3SBio plans to oppose a take-private bid tabled by CEO Jing Lou and CITIC Private Equity that values the company at $340 million.

  • Buyouts
  • 09 April 2013
China's NSSF assets top $178b in 2012

China’s National Council for Social Security Fund (NSSF) reported a 7% investment return in 2012, its best performance in three years, as total assets under management topped RMB1 trillion ($178 billion) for the first time.

  • Greater China
  • 05 April 2013
CITIC PE agrees carve-out of TNT's China road business

CITIC Private Equity has agreed to buy TNT Express’ China road operations for an undisclosed sum. It is one of several divestments expected from the Netherlands-based logistics provider, which is seeking to cut costs and refocus on its core European market...

  • Buyouts
  • 02 April 2013
3SBio board agrees to CITIC PE-backed buyout

The board of NASDAQ-listed Chinese biotechnology firm 3SBio has agreed to a privatization bid tabled by Jing Lou, its CEO, and CITIC Private Equity. The deal values the company at $340 million.

  • Buyouts
  • 14 February 2013
Chinese firms say red tape hinders M&A in Europe – survey

More than three-quarters of Chinese companies encounter operating difficulties in the EU while nearly half have been obstructed by regulatory issues, according to a survey by the EU Chamber of Commerce in China. The findings represent a mixed blessing...

  • Europe
  • 01 February 2013
CITIC PE's Yibing Wu confirmed as chairman of Goldstone

Yibing Wu, president of CITIC Private Equity, has been confirmed as chairman of Goldstone Investment, the direct investment arm of CITIC Securities, following months of speculation.

  • Greater China
  • 17 January 2013
Project Europe: China targets high-end manufacturing
Project Europe: China targets high-end manufacturing

Chinese strategic investors are bidding up manufacturing assets in Europe. There is room for PE players to participate, but they will generate value by identifying high-tech targets early in the value chain

  • Greater China
  • 16 January 2013
CITIC Securities targets up to $1.6b for RMB fund

CITIC Securities is targeting RMB5-10 billion ($798 million to $1.6 billion) for its first private equity fund, most of which will come from Chinese institutions, including government agencies. The vehicle will buy stakes in companies involved in M&A...

  • Fundraising
  • 15 October 2012
NSSF nears $3.6b private equity investments

The National Council for Social Security Fund (NSSF) announced that it had committed RMB22.6 billion ($3.6 billion) to 16 venture capital and private equity funds as of mid-September.

  • Greater China
  • 19 September 2012
CITIC PE backs $331m take-private bid for China's 3SBio

CITIC Private Equity is supporting a $331 million management buyout offer for NASDAQ-listed Chinese pharmaceuticals company 3SBio. It is the latest in a string of attempted take-private deals for US-traded Chinese firms that for a variety of reasons are...

  • Buyouts
  • 13 September 2012
China biotech: Elusive innovation?

PE and VC investors want to leverage China’s rapidly growing biotech industry, but few firms have a proven ability to commercialize their innovations in drug development. Change will come, gradually.

  • Greater China
  • 01 August 2012
Lefei Liu resigns as chairman of CITIC Private Equity

Lefei Liu has resigned as chairman of CITIC Private Equity, although he will remain as CEO of the company, a person familiar with the development told AVCJ. The change is expected to have minimal impact on the day-to-day operations of the PE firm.

  • Greater China
  • 13 June 2012
Renminbi funds face a new reality

“Do you know a company called [name redacted]?” the colleague asked on the phone. “Yes,” I replied. I had been familiar with the firm and its business model for several years. It is a relatively small outfit based in Shanghai, not widely known and not...

  • Renminbi fund
  • 13 June 2012
China Life injects $315m into CITIC PE's RMB fund

China Life Insurance has injected RMB2 billion ($315 million) into CITIC Private Equity's renminbi-denominated fund. It comes after the insurance giant invested RMB1.5 billion in Hony Capital's most recent vehicle, a source close to the fundraising activity...

  • Greater China
  • 25 May 2012
NSSF: Still room to increase PE investments

China's National Council for Social Security Fund (NSSF) has the capacity to boost its commitments to private equity considerably, having put only 2.2% of its capital into the asset class, according to Wang Zhongmin, the fund's vice chairman.

  • Greater China
  • 29 March 2012
345
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