Gaw Capital Enters Distressed Real Estate Sector With $1B New Fund With Country Garden Unit

Hong Kong-based private real estate investment firm Gaw Capital has teamed up with Shenzhen Paladin Asset Management, the investment arm of one of the largest Chinese property developers, Country Garden Group,to jointly launch a US$1 billion special situations fund to invest in distressed real estate projects in China, Gaw Capital confirms to China Money Network.

China’s Huawei Tests 5G Network In Canada Despite Calls For Ban In US

Huawei may be facing a virtual sales ban in the United States, due to alleged security concerns, but that hasn’t stopped the Chinese company from launching tests of its 5G wireless technology just north of the border in Canada. On Wednesday, Huawei unveiled an urban trial of 5G wireless-to-the-home services in Vancouver, in partnership with Canadian carrier Telus. The trial is believed to be the first of its kind in North America. “This trial represents continued progress toward the launch of 5G, …

China Sets Up Online Exchange To Handle Distressed Assets

China has a new way to deal with its growing pile of bad corporate debt with the establishment of the nation’s first online distressed asset exchange. China Huarong Asset Management Co Ltd, a large state-owned asset manager, last week launched an online platform for bad debt transactions named the Huarong Zhongguancun Distressed Asset Exchange Co. The new entity is the first institution in China dedicated to the trading of bad debt and will have a registered capital of RMB500 million (US$80 …

Bain Capital Eyes Diversified Distressed Deals In China Ahead Of A Long, Flattened Credit Cycle

For global alternative investment manager Bain Capital, the first closing of its Asian credit fund at US$557 million came at the right moment. Bain Capital Credit, the credit affiliate of the firm with more than US$35 billion in assets under management globally, is building a war chest in Asia for the first time to tap into maturing distressed debt investment opportunities emerging across the region.

Special Situations Forum: China 2017

How investors can navigate opportunities in turnaround & restructuring in China FULLY BOOKED! This event is now fully booked, with all available seats allocated. The CMN teams looks forward to hosting you soon at our next event!   Special Situations Forum: China 2017, hosted by China Money Network in conjunction with KPMG, will gather top investors in the distressed debt and special situations market in China to discuss key opportunities and challenges in one of the most hottest investment sectors …

China’s RISE Education Completes Strong Nasdaq IPO In Win For Bain Capital

RISE Education, a Chinese provider of after-school English lessons which is backed by Bain Capital, enjoyed a strong debut on the Nasdaq Friday, closing up more than 14% on its first day of trade. The stock closed at US$16.61, compared to its initial public offering (IPO) price of US$14.50. RISE’s IPO was well received, demonstrating investors’ continued interest in China’s fast-growing education sector. The company raised US$160 million by offering 11 million shares at US$14.50, higher than the expected price …

ZMJ and CRCI to Acquire Bosch’s Starters and Generators Business

– Partnership with ZMJ to significantly accelerate SG’s growth in China, the world’s largest automotive market

– Together with SG, ZMJ aspires to become world-leading manufacturer of starters and generators

ZHENGZHOU, China and HONG KONG, May 2, 2017 /PRNewswire/ — Zhengzhou Coal Mining Machinery Group (ZMJ) (SSE: 601717, HKEX: 00564), an industrial group that produces auto components and coal mining machinery, and CRCI (China Renaissance Capital Investment), a private equity firm, today announced that relevant parties have entered into a binding agreement to acquire Robert Bosch GmbH’s (Bosch) Starter and Generator business (SG).

The transaction is expected to significantly accelerate SG’s growth in North America and China, the world’s largest automotive market, as well as maintain SG’s leading market position in Europe.

"ZMJ and CRCI are ideal partners for our SG business. The combination of ZMJ’s longstanding manufacturing experience and local know-how paired with CRCI’s financial expertise will enable SG to significantly accelerate its technology development and expand its business, particularly in China," said Dr. Rolf Bulander, chairman of the Mobility Solutions business sector and member of the management board of Robert Bosch GmbH.

Mr. Chengyao Jiao, Chairman of ZMJ, said, "This acquisition is a significant step towards realizing our goal of becoming a global leader in the auto components sector. It also marks the beginning of an exciting new partnership with SG and all of its stakeholders. We are looking forward to welcoming the talented employees and management of SG – the foundation of this long-standing business – to the ZMJ family. We also look forward to upholding SG’s truly customer-centric approach. We are committed to working closely with SG’s management to take starters and generators to the next level."

"With its talented workforce, advanced technology and solid market position, SG epitomizes world class industrial innovation and quality engineering," said Dr. Mark Qiu, CEO and Managing Director of CRCI. "CRCI is honored to act as the catalyst to fuse SG’s capabilities with ZMJ’s experience in China and other markets which offer tremendous growth potential. We are confident that the combination will enable SG to tailor products to emerging market needs, while continuing to supply high quality and cost-efficient products to their current customer base."

SG has 16 locations in 14 countries, including in Germany, China, Brazil, Hungary, India, Mexico, South Africa, Spain and the United States.

"This partnership is a fantastic outcome for SG and all our employees. ZMJ and SG are highly complementary businesses. ZMJ is fully aligned with our business strategy and through our partnership we will be well placed to expand our opportunities and accelerate our growth," said Dr. Ulrich Kirschner, President of SG.

SG’s starters and generators business is a world-wide leader in the field of automotive energy supply with a product portfolio that includes high-efficiency generators and starter motors for petrol and diesel engines as well as the economical and CO2-reducing start-stop and hybrid systems.

"SG will bring an experienced workforce, strong track record of innovation, superior manufacturing capability and industry-leading product pipeline to our starters and generators business," said Mr. Hao Jia, Deputy General Manager of ZMJ and Chairman of ASIMCO, ZMJ’s auto components subsidiary. "We are especially excited that this partnership will increase our ability to capitalize on the growing demand for eco-friendly technologies such as start-stop starters and boost recuperation machines which significantly reduce carbon emissions. Together we will strengthen our leadership in these technologies and be poised to significantly increase market share in the rapidly growing Chinese automotive market and beyond."

The transaction is subject to closing conditions and customary regulatory approvals.

About Zhengzhou Coal Mining Machinery (Group) Co., Ltd

Established in 1958, Zhengzhou Coal Mining Machinery (Group) Co., Ltd. (ZMJ) is a global leading manufacturer of coal mining machinery and auto components. ZMJ acquired ASIMCO Group in 2016 from Bain Capital. ASIMCO Group focuses on starters and generators, NVH parts and powertrain products. ZMJ is dual-listed on the Shanghai Stock Exchange under the ticker SSE: 601717 and the Hong Kong Stock Exchange under the ticker HKEX: 00564.

About CRCI

CRCI (China Renaissance Capital Investment), founded in 2005, is a private equity firm in Greater China with over US $2 billion of total assets under management. The partners of CRCI are committed to identifying global and local M&A opportunities to bring capital and quality assets together for Chinese companies to grow scale, quality and global reputation. It also finances entrepreneurial growth in China.

About Robert Bosch Starter Motors Generators Holding GmbH

Robert Bosch Starter Motors Generators Holding GmbH (SG), a subsidiary of Robert Bosch GmbH, is a global partner of vehicle and engine manufacturers for environmental-friendly and efficient power generation. SG develops starter motors and generators for passenger cars and commercial vehicles, start/stop starter motors for start/stop systems and electric motors for hybrid vehicles. SG employs roughly 7,000 associates across 16 locations in 14 countries.

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China Money Network To Host China Education Investment Roundtable 2017

Beijing, China, February 23, 2017 / – As technology reshapes the face of modern education, investors in China continue to back companies positioned to benefit from the coming evolution. A total of 167 venture and private equity investment deals worth an aggregate of RMB10.6 billion (US$1.5 billion) were recorded in the education sector in China… Read More

Register Now For China Education Investment Roundtable In Beijing

Where will investors find the best opportunities in China’s education industry in 2017 and beyond? (This event will be held in Mandarin Chinese) As technology reshapes the face of modern education, investors in China continue to back companies positioned to benefit from the coming evolution. A total of 167 venture and private equity investment deals worth an aggregate of RMB10.6 billion (US$1.5 billion) were recorded in the education sector in China last year, greater than the 138 deals and US$1.03 …

Register Now To Meet Top Chinese Healthcare Investors On April 15 In Hong Kong

China Healthcare Investment Roundtable 2016, hosted by China Money Network, will feature China’s brightest and most successful healthcare investors. Register now to get access to leading deal makers from Warburg Pincus, Bain Capital, and Qiming Venture Partners for an informative luncheon roundtable discussion. Network with other attendees from top Chinese investment firms including Goldman Sachs, Morgan Stanley, TPG, CPPIB, Bank of China and many more. Only limited seats available now. Click here to register. Date: Friday, April 15, 2016 Time: …

Top Investors To Gather For China Healthcare Investment Roundtable 2016

Hong Kong, March 1, 2016 / – China Money Network is pleased to announce that the upcoming China Healthcare Investment Roundtable, to be held on 15 April 2016 in Hong Kong, will gather some of the biggest and most successful investors in China. Interested parties are invited to register for the event now here: … Continue reading "Top Investors To Gather For China Healthcare Investment Roundtable 2016″

China Healthcare Investment Roundtable 2016

China’s healthcare sector, on track to reach over RMB8 trillion (US$1.23 trillion) in 2020, remains one of the most attractive sectors for private equity and venture investors in 2015. Investments reached US$3.5 billion last year, up 151% year-on-year, driven by strong growth in the pharmaceuticals and biotechnology segment.

Bain Capital Seeks $3B For Its Third Asia Fund

Boston-based private equity firm Bain Capital is planning to seek US$2.5 billion to US$3 billion for its third Asia-focused fund, and will begin the fundraising process in the next few months, according to media reports. The investment vehicle will focus on China, Japan, India and Australia.

Bain Capital Sells Remaining GOME Stake For $130M

Boston-based private equity firm Bain Capital has made a full exit from Hong Kong-listed Chinese electronics retailer GOME Electrical Appliances Holding Limited by selling all of its remaining stake for approximately HK$1.04 billion (US$130 million), according to media reports. Bain Capital sold 922 million shares at HK$1.13 per share, the lower end of an indicative price range between HK$1.12 and HK$1.15 apiece, which represented a discount between 2.5% and 5.1% to company’s last closing price. The full exit from a …

Bain Capital Acquires 80% Of Lionbridge Financial Leasing

Boston-based private equity firm Bain Capital has acquired an 80% stake of Chinese equipment leasing firm Lionbridge Financial Leasing (China) Co., Ltd., according to a joint announcement. Bain Capital, with approximately US$80 billion in assets under management, reportedly paid RMB1 billion (US$164 million) for the stake of Beijing-based Lionbridge.

China Money Network’s Latest Episode Shows Investors Are Still Bullish On China

Beijing, 7 February 2012 — As the United States digs itself out of a recession and Europe debates funding the Greek bail-out, the one bright spot for some investors is on the other side of the world in China. But even for keen China-watchers, there is debate on the extent the Chinese government can prevent economic bust. Jack Perkowski, a.k.a. Mr. China, tells China Money Network there is little to worry about and now is a great time to invest …