Welcome!

News Feed Item

CMIA Capital Partners and China Merchants Technology Holdings back privatization of China Farm Equipment Limited

Singapore, Feb 20, 2013 - (ACN Newswire) - CMIA China Fund IV L.P., a private equity fund managed by CMIA Capital Partners, and China Merchants Technology Holdings, a leading Chinese State-Owned Enterprise, have together invested US$23 million in the successful privatization of China Farm Equipment Limited (Bloomberg Code: CFE:SP)("CFE"), a company publicly listed on the Singapore Exchange.

CMIA Capital Partners is a private equity firm focused on investment opportunities in China and Southeast Asia. The CMIA China Fund IV L.P. is CMIA's fourth private equity fund and is focused on control and growth capital investment opportunities in China, particularly in China's agriculture, agribusiness and food sector.

CFE is a leading agriculture machinery manufacturer in China and engages in the design, development, production, and sale of farm equipment and diesel engines. CFE's products include combine harvesters, rotary plough machines and components, and soil tillages, as well as air cooling and water cooling diesel engines. CFE sells its products through distributors in China, and also exports its products to Vietnam, Myanmar, Thailand, and Bangladesh.

"The farming equipment space is a fast-growing sector in China and will benefit from China's drive to accelerate the modernization of its agricultural sector. CFE is a leading agriculture machinery manufacturer in China with an experienced and proven management team, a well-known brand, an established distribution network and a resilient R&D effort. CFE is also a leader for track-based harvesters in the Hunan and Jiangxi provinces. We look forward to a close partnership with CFE's management as we work together to realize the potential of its business," commented Mr. Lee Chong Min, Managing Partner of CMIA Capital Partners.

Mr. Wang Shu Ping, Group Founder, Chairman and CEO of CFE adds "I am pleased to be working in partnership with CMIA for this very important corporate milestone for our company. CMIA has a successful track record investing in and working with companies in China and has a good understanding of China's agriculture sector. We look forward to leveraging on CMIA's strong network and expertise in China to further develop our business."

Ms. Zhu Jinhong, Investment Director, China Merchants Technology Holdings, added "China's agricultural machinery industry is a high-growth sector in China and strategic to China's efforts towards modernizing its agriculture sector. According to China's Ministry of Agriculture, China's agricultural machinery sector grew at a CAGR of 25% over the past four years and is expected to continue its robust growth in the foreseeable future, backed by favorable macroeconomic and industry trends such as China's trend towards larger scale farming as well as favorable government policies and incentives. In particular, according to China's 5-year Plan for the period 2010-2015, China forecasts its agriculture machinery industry to grow from RMB 280 billion in 2010 to RMB 400 billion by 2015".

About China Merchants Technology Holdings

China Merchants Technology Holdings Co. Ltd. ("CMT") was established in 1999 in Hong Kong as one of the earliest venture capital and private equity funds targeting investments in China. As part of China Merchants Group, CMT specializes in high-tech investments, business incubation, and science and technology park management. CMT focuses on investing in mid-cap companies and actively value-add to its investee companies to help them grow. CMT has directly and indirectly invested in over 120 companies in IT, telecommunications, semi-conductor, biomedical, new materials, cultural media etc. As of December 2011, CMT manages over RMB 3.5 billion.

About CMIA Capital Partners

Established in 2003, CMIA Capital Partners ("CMIA") is a private equity firm focused on investment opportunities in China and Southeast Asia. Since inception, CMIA has led over US$200 million in private equity investments in China, across diverse industries and sectors, including in agriculture, agribusiness and food, healthcare and pharmaceutical, medical technology, technology, manufacturing and consumer businesses. CMIA's current and fourth fund, the CMIA China Fund IV L.P., targets US$150 million in capital commitments and is focused on control and growth capital investment opportunities in China, particularly in China's agriculture, agribusiness and food sector. CMIA has offices in Shanghai, Hong Kong and Singapore, and is currently establishing a presence in Chengdu, Sichuan Province. Please visit www.cmia.com.

Contact:

Mr. Yap Kian Woon
Partner, CMIA Capital Partner Pte. Ltd.
Direct Line: +65 69223480
Email: [email protected]




Copyright 2013 ACN Newswire. All rights reserved.

More Stories By ACN Newswire

Copyright 2008 ACN Newswire. All rights reserved. Republication or redistribution of ACN Newswire content is expressly prohibited without the prior written consent of ACN Newswire. ACN Newswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
In his session at 21st Cloud Expo, Carl J. Levine, Senior Technical Evangelist for NS1, will objectively discuss how DNS is used to solve Digital Transformation challenges in large SaaS applications, CDNs, AdTech platforms, and other demanding use cases. Carl J. Levine is the Senior Technical Evangelist for NS1. A veteran of the Internet Infrastructure space, he has over a decade of experience with startups, networking protocols and Internet infrastructure, combined with the unique ability to it...
"MobiDev is a software development company and we do complex, custom software development for everybody from entrepreneurs to large enterprises," explained Alan Winters, U.S. Head of Business Development at MobiDev, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Vulnerability management is vital for large companies that need to secure containers across thousands of hosts, but many struggle to understand how exposed they are when they discover a new high security vulnerability. In his session at 21st Cloud Expo, John Morello, CTO of Twistlock, addressed this pressing concern by introducing the concept of the “Vulnerability Risk Tree API,” which brings all the data together in a simple REST endpoint, allowing companies to easily grasp the severity of the ...
Agile has finally jumped the technology shark, expanding outside the software world. Enterprises are now increasingly adopting Agile practices across their organizations in order to successfully navigate the disruptive waters that threaten to drown them. In our quest for establishing change as a core competency in our organizations, this business-centric notion of Agile is an essential component of Agile Digital Transformation. In the years since the publication of the Agile Manifesto, the conn...
In his session at 21st Cloud Expo, James Henry, Co-CEO/CTO of Calgary Scientific Inc., introduced you to the challenges, solutions and benefits of training AI systems to solve visual problems with an emphasis on improving AIs with continuous training in the field. He explored applications in several industries and discussed technologies that allow the deployment of advanced visualization solutions to the cloud.
Enterprises are adopting Kubernetes to accelerate the development and the delivery of cloud-native applications. However, sharing a Kubernetes cluster between members of the same team can be challenging. And, sharing clusters across multiple teams is even harder. Kubernetes offers several constructs to help implement segmentation and isolation. However, these primitives can be complex to understand and apply. As a result, it’s becoming common for enterprises to end up with several clusters. Thi...
While some developers care passionately about how data centers and clouds are architected, for most, it is only the end result that matters. To the majority of companies, technology exists to solve a business problem, and only delivers value when it is solving that problem. 2017 brings the mainstream adoption of containers for production workloads. In his session at 21st Cloud Expo, Ben McCormack, VP of Operations at Evernote, discussed how data centers of the future will be managed, how the p...
"NetApp is known as a data management leader but we do a lot more than just data management on-prem with the data centers of our customers. We're also big in the hybrid cloud," explained Wes Talbert, Principal Architect at NetApp, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
The question before companies today is not whether to become intelligent, it’s a question of how and how fast. The key is to adopt and deploy an intelligent application strategy while simultaneously preparing to scale that intelligence. In her session at 21st Cloud Expo, Sangeeta Chakraborty, Chief Customer Officer at Ayasdi, provided a tactical framework to become a truly intelligent enterprise, including how to identify the right applications for AI, how to build a Center of Excellence to oper...
"IBM is really all in on blockchain. We take a look at sort of the history of blockchain ledger technologies. It started out with bitcoin, Ethereum, and IBM evaluated these particular blockchain technologies and found they were anonymous and permissionless and that many companies were looking for permissioned blockchain," stated René Bostic, Technical VP of the IBM Cloud Unit in North America, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventi...
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Coca-Cola’s Google powered digital signage system lays the groundwork for a more valuable connection between Coke and its customers. Digital signs pair software with high-resolution displays so that a message can be changed instantly based on what the operator wants to communicate or sell. In their Day 3 Keynote at 21st Cloud Expo, Greg Chambers, Global Group Director, Digital Innovation, Coca-Cola, and Vidya Nagarajan, a Senior Product Manager at Google, discussed how from store operations and ...
"Infoblox does DNS, DHCP and IP address management for not only enterprise networks but cloud networks as well. Customers are looking for a single platform that can extend not only in their private enterprise environment but private cloud, public cloud, tracking all the IP space and everything that is going on in that environment," explained Steve Salo, Principal Systems Engineer at Infoblox, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventio...