Glenview, IL-based Illinois Tool Works Inc. says that it has acquired Vesta (Guangzhou) Catering Co., a kitchen equipment maker owned by Actis Capital, a private equity firm investing exclusively in Africa, Asia and Latin America. The terms of the deal are not disclosed, but the exit came just a little over two years after Actis Capital invested in Guangzhou-based Vesta in May 2011.
CITIC Capital Holdings Ltd. (CITIC Capital) says its debut China venture fund, CITIC Capital Venture Partners, has reached final closing of US$113 million. The fund originally targeted to raise US$150 million. It is among numerous fund managers raising funds short of their targets.
CITIC Capital Holdings Limited, Oriza Holdings and China Merchants Group have formed an investor consortium to invest in S.F. Express. The investor group will acquire no more than 25% of the Shenzhen-based logistics company.
Beijing-based China Cinda Asset Management Co. and Los Angeles-based Oaktree Capital Group says that the two companies have entered into a memorandum of understanding to establish a strategic partnership and to cooperate on business operations.
CITIC Capital Partners has acquired North Carolina-based industrial company Engineered Controls International (ECI) with the company’s management team and partner investor Windjammer Capital, a U.S. middle market private equity firm.
NASDAQ-listed Chinese telecommunication software firm AsiaInfo-Linkage, Inc. says that it has completed a take-private deal led by CITIC Capital Partners.
Chinese venture and private equity firms executed a total of 89 investments during the fourth quarter of 2013, making it the most active quarter since the third quarter of 2011, according to a release by the Emerging Markets Private Equity Association (EMPEA).
Yantai, Shandong Province-based Chinese drug-maker Luye Pharma Group, which is backed by Chinese private equity firms, is planning an IPO in Hong Kong during the first half of this year, according to media reports.
Beijing-based second-hand automobile trading platform Cheyipai has received US$50 million in series C funding, according to an announcement made on the company’s official Weibo account.
Shanghai-based Chinese digital media and display advertising company Focus Media is planning an IPO in Hong Kong to raise as much as US$1 billion, according to media reports.
Chengdu, Sichuan province-based smart wearable maker Codoon.com has received 60 million yuan (around US$9.76 million) series A financing, according to Chinese media reports.
Chinese private equity firm CITIC Capital has agreed to commit HK$1.16 billion ($150 million) to the initial public offering of Harbin Bank, according to media reports.
Beijing and Shanghai-based education and training institution Shsun Education has received close to RMB100 million ($16 million) series A funding from CITIC Capital, according to a company announcement.
CITIC Capital Holdings Limited and international shopping center operator Sonae Sierra says they have launched a joint venture to provide management and leasing services to shopping centers in China, according to a company announcement.
Hong Kong-based alternative investment firm CITIC Capital Holdings Limited is seeking to list on China’s New Third Board, the National Equities Exchange and Quotation (NEEQ), according to a disclosure document.
Chinese raw milk producer China Zhongdi Dairy Holdings Co., Ltd., backed by CITIC Capital and Vertex Investment, is seeking to raise as much as HK$508.4 million (US$65.6 million) in an Hong Kong initial public offering, according to a securities filing.
CITIC Capital Partners is reportedly seeking to raise as much as US$1.5 billion for a pair of China-focused private equity funds denominated in the U.S. dollar and the RMB, according to media reports.
CITIC Capital Partners Ltd. has agreed to sell all of the 67.1% stake of Japanese heavy-duty packaging material firm Tri-Wall Holdings Ltd. to a Japanese corporate buyer, according to an announcement.
Chinese financial services group CITIC Ltd. and its alternative investment unit CITIC Capital Holdings have teamed up with the Carlyle Group to acquire McDonald’s mainland China and Hong Kong business for up to US$2.08 billion to revamp and grow the U.S. fast-food giant’s operations in China, the firms announced today.
A unit of Chinese financial services group CITIC Group has agreed to acquire a 16.7% stake in Beijing Capital Agribusiness Group, in a deal structured to strengthen partnerships to manage and grow McDonald’s mainland China and Hong Kong business, according to Chinese media reports citing insiders.
CITIC Capital has led an over RMB100 million (US$14 million) series B round investment in Samoyed Financial, a Shenzhen-based Fintech company, which brings the company’s total fundraising to date to RMB200 million (US$28 million).
CITIC Capital and a private equity fund jointly established by the Agricultural Bank of China and the Wuxi government have led a RMB250 million (US$36.3 million) series B round in Beijing-based mobile health management platform More Health.
CITIC Capital has led a RMB120 million (US$17 million) series B round in China Great Wall Environment Improving Co., Ltd, a energy saving and environmental protection services company, which is part of China Aerospace Science and Technology Corp.
CITIC Capital Holdings Ltd. and Hubei province-based Humanwell Healthcare Group Co., Ltd. has agreed to acquire Australia stock exchange-listed Ansell Ltd’s condom division, the world’s second biggest condom maker, for US$600 million.
A number of investors in Focus Media Information Technology Co., Ltd. are likely to reaped billions of U.S. dollars in profits after they offload their shares in the Chinese outdoor advertising company that was taken private in 2013 and re-listed in China two years later. According to a disclosure filing yesterday, Chinese private equity firm FountainVest Partners, Tencent Holdings Ltd. and CITIC Capital plan to sell their interests in Focus Media totaling around 14% of the company’s outstanding shares. The …
CITIC Capital Holdings Ltd. has invested around EUR72 million (US$82.5 million) in Formel D, a Germany-based global service provider to the automotive and component supply industry.
McDonald’s Corporation’s China business, now under new ownership of CITIC Ltd. and Carlyle Group, is planning to drive double-digit sales growth in each of the next five years and to increase the number of its restaurants to 4,500 from 2,500 currently.
Chinese Internet giant Tencent Holdings Ltd. has led a new funding round worth over US$1 billion in NIO, a Shanghai-based electric vehicle company founded by a top Chinese automobile executive.
An investor corsortium led by funds managed by CITIC Capital Holdings Ltd. and Chinese media firm Caixin Global has reached an agreement to acquire a unit of London-listed Euromoney Institutional Investor PLC for US$180.5 million, the firms announced today.
Citic Capital-controlled Harbin Pharmaceutical Group Holding, known as Hayao, has agreed to invest US$300 million in U.S.-based health and wellness retailer GNC Holdings, becoming the single largest shareholder in NYSE-traded GNC.