A unit affiliated with Chinese aluminum maker China Zhongwang Holdings Ltd. has agreed to acquire Cleveland-based Aleris Corp. from its private equity owners including Oaktree Capital Management for US$2.33 billion including debt, according to a company announcement. The deal, which is being conducted via Zhongwang USA LLC, an investment company owned by China Zhongwang, comprises […]
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UOB Venture Management, an investment arm of Singapore's United Overseas Bank Group, has led a RMB200 million (US$30 million) series C round in HunterOn, a Chinese online recruitment start-up, according to a company announcement. Existing investor IDG Capital Partners also participated in the round. Founded in 2012, HunterOn provides a platform connecting recruiters and headhunters. […]
Shunwei Capital has led a series A+ round in SSqian, a DocuSign-like start-up that allows users to sign and management contracts electronically, Chinese media reported. Existing investors Matrix Partners and CDM also participated in the round, which is worth around tens of millions RMB. Launched in 2014, SSqian previously raised RMB7 million in a pre-A […]
Yunfeng Capital, GGV Capital and Stone Capital have joined a new financing round in E-House (China) Holdings Ltd., shortly after the Chinese real estate services firm completed a go-private deal, according to Chinese media reports. Thirteen major Chinese property developers, including Evergrande Group and China Vanke, also participated in the round, which reportedly values E-House […]
David Liu (pictured), head of China and co-head of Asia Private Equity at KKR, is leaving the private equity giant at the end of this year to form a new China-focused investment firm, KKR said in a company announcement. Julian Wolhardt is leaving with Liu to establish the new vehicle. The two executives will become […]
V Capital, a real estate investment fund established by Chinese residential property giant Vanke, is to acquire Shanghai's Central Plaza from private equity firm Carlyle Group for around RMB2.46 billion (US$369 million), according to media reports. This is the first major deal announced by the two parties after they signed a memorandum of understanding for […]