|By ACN Newswire||
|February 20, 2013 10:40 PM EST||
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.
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.
Mr. Yap Kian Woon
Partner, CMIA Capital Partner Pte. Ltd.
Direct Line: +65 69223480
Email: [email protected]
Copyright 2013 ACN Newswire. All rights reserved.
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