cel global investment fund established and completes its first closing of us$264 million a further step to overseas investment
business related 17 aug 2016
cel global investment fund, l.p. (“fund”), a private equity fund sponsored and managed by china everbright limited (“cel”, stock code: 165.hk), was established and completed its first closing in the second quarter of 2016 with a total capital commitment of approximately us$264 million. cel global investment gp limited and cel global management company limited, each an indirect wholly owned subsidiary of cel, serve as the general partner and the investment manager of the fund, respectively.
the fund will primarily invest in equities and equity-linked securities of companies established in north america and europe. the investment targets will generally have proven operational track record and a sound business model with strong growth in the market in china and make products or provide solutions which may have significant growth potential in china. the fund expects to focus on industries which are important to the economic transformation and sustainable development of china, including without limitation advanced manufacturing, advanced transportation equipment, advanced agricultural products and technologies, consumer products, clean energy, environmental and resources management, technology, media and telecommunications, wealth protection and healthcare.
mr. chen shuang, executive director and chief executive officer of cel, said, “in recent years cel has pursued an active overseas growth strategy and has focused in particular on international restructuring opportunities by implementing international asset allocations. we have accumulated considerable market intelligence, practical experience and investment pipelines. the fund will continue to take advantage of these opportunities in the global markets, particularly in developed markets in europe and north america. the fund plans to connect these portfolio companies with strong market demands in the greater china region arising from industrial upgrade and market specialization. the fund is expected to provide its investors with great exposures to cross-border investment, mergers and acquisitions and enhanced asset allocation and diversification opportunities and to generate investment returns for its investors.”
the us-based burke e. porter machinery company is the current portfolio investment of the fund. it is a leading provider of intelligent manufacturing equipment and solutions. the company is a global leader in the automobile end-of-line testing systems market and has successfully entered into new business areas such as powertrain, balancing systems, build-to-print, life sciences equipment, 3d printing equipment and others.
ms. shengyan fan, head and managing director of cel’s merger & acquisition department and a director of the general partner of the fund, said, “the fund will proactively seek for premier investment opportunities in overseas enterprises and on multiple aspects provide support to the portfolio companies’ growth after our investment. in particular, the fund will help the portfolio companies bring their products and technologies to china and capitalize on the vast opportunities in the chinese markets. we aim at creating and enhancing the value of portfolio companies through active post-investment management to eventually generate investment returns for the fund’s investors.”
the fund is available only for investment by professional investors (as defined under the securities and futures ordinance).
the fund will primarily invest in equities and equity-linked securities of companies established in north america and europe. the investment targets will generally have proven operational track record and a sound business model with strong growth in the market in china and make products or provide solutions which may have significant growth potential in china. the fund expects to focus on industries which are important to the economic transformation and sustainable development of china, including without limitation advanced manufacturing, advanced transportation equipment, advanced agricultural products and technologies, consumer products, clean energy, environmental and resources management, technology, media and telecommunications, wealth protection and healthcare.
mr. chen shuang, executive director and chief executive officer of cel, said, “in recent years cel has pursued an active overseas growth strategy and has focused in particular on international restructuring opportunities by implementing international asset allocations. we have accumulated considerable market intelligence, practical experience and investment pipelines. the fund will continue to take advantage of these opportunities in the global markets, particularly in developed markets in europe and north america. the fund plans to connect these portfolio companies with strong market demands in the greater china region arising from industrial upgrade and market specialization. the fund is expected to provide its investors with great exposures to cross-border investment, mergers and acquisitions and enhanced asset allocation and diversification opportunities and to generate investment returns for its investors.”
the us-based burke e. porter machinery company is the current portfolio investment of the fund. it is a leading provider of intelligent manufacturing equipment and solutions. the company is a global leader in the automobile end-of-line testing systems market and has successfully entered into new business areas such as powertrain, balancing systems, build-to-print, life sciences equipment, 3d printing equipment and others.
ms. shengyan fan, head and managing director of cel’s merger & acquisition department and a director of the general partner of the fund, said, “the fund will proactively seek for premier investment opportunities in overseas enterprises and on multiple aspects provide support to the portfolio companies’ growth after our investment. in particular, the fund will help the portfolio companies bring their products and technologies to china and capitalize on the vast opportunities in the chinese markets. we aim at creating and enhancing the value of portfolio companies through active post-investment management to eventually generate investment returns for the fund’s investors.”
the fund is available only for investment by professional investors (as defined under the securities and futures ordinance).
