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CITIC Capital collects $1.6bn for its third China fund

The Hong Kong-based firm completed fundraising for its US-dollar denominated portion but is still in market to raise the yuan tranche.

FountainVest names ex-Goldman exec as MD

Andrew Huang, a veteran dealmaker at Goldman Sachs, has joined the Hong Kong-based firm as managing director.

Legend backs H&Q Asia Pacific-owned beauty chain

The Beijing-headquartered firm made the investment from its $250m healthcare-focused fund.

Partners backs Chinese restaurant chain

The firm’s investment will be used to further institutionalise and expand the business in China.

Warburg leads $120m financing for Chinese online educator

The firm has teamed up with the internet giant Tencent to back China’s first “unicorn” in online tutoring.

CIC in the lead to buy €12bn Logicor from Blackstone

The Chinese sovereign wealth fund is on track to beat out Singapore’s state investment firm Temasek and fellow logistics giant GLP to buy Europe’s biggest logistics firm from Blackstone.

Control deals in China: ‘Proceed with caution’

China private equity is maturing and GPs are shifting into control deals, but not all are ‘truly experienced’, say Asia-based LPs.

CITIC Capital, Humanwell partner in $600m condom deal

The Chinese pair have acquired the sexual wellness unit of Australian healthcare company Ansell and plans to expand the company in emerging markets.

CDH trims stake in world’s largest pork company

The Beijing-based firm will gain $730 million from the sale.

CDIB Capital bolsters Asia team

The Hong Kong-headquartered private equity firm has hired former Simon Murray & Company senior executives, Hamilton Tang and Yinghai Xie, as managing directors.
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