Investments
14Portfolio Exits
3Funds
1Partners & Customers
5About China Merchants Group
China Merchants Group is a state-owned conglomerate based in Hong Kong, under direct supervision of State-owned Assets Supervision and Administration Commission of the State Council. China Merchants Group is engaged in three business platforms: transportation, including the operation of ports, toll roads, logistics, vessel fleets, and building offshore equipment; finance, including banking, securities, insurance, fund, and asset management; and real estate development & operation.
China Merchants Group Headquarter Location
39-40/F China Merchants Tower, Shun Tak Center 168-200 Connaught Road, Central
Hong Kong
+852) 25428288
Latest China Merchants Group News
May 2, 2022
Share There’s a shootout looming for Loscam’s Australian pallet pooling business. Weeks out from the auction, Street Talk’s hearing plenty of stories about private equity and infrastructure types running desktop due diligence on Loscam’s Australian pallets division, setting the scene for what could be a tight battle. Loscam shareholders, including Citic Capital and Chinese PE investor FountainVest, are keen to get bids for the Australian pallet business. Reuters The latest name on watchers’ lips is Pacific Equity Partners, which is understood to be considering a tilt via its new Secure Assets Fund (SAFII). PEP’s got little experience in pallets, but has always loved a corporate carve-out and particularly when it’s an Australian unit coming out of a bigger global company. PEP’s expected to take an information memorandum and financial model, due out in late May, when the process kicks off via Goldman Sachs and UBS. Advertisement Others hanging around the hoop include ASX-listed Pact Group, which has Citi on board considering all sorts of options, and the global buyout shops with Australian offices. Loscam shareholders, including Citic Capital and Chinese PE investor FountainVest, are keen to get bids for the Australian business, knowing that infrastructure funds are moving into the sector and multiples have soared above 10 times. Loscam Australia is a business that industrials bankers and buyout shops know well. The business was previously owned by Affinity Equity Partners, which sold to China Merchants Group for close to $700 million in 2010. China Merchants sold down its stake in 2018, selling more than 50 per cent of the company to Citic and FountainVest. Loscam management also retains a shareholding. Anthony Macdonald co-edits Street Talk, specialising in private equity, investment banking, M&A and equity capital markets. He has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter . Email Anthony at a.macdonald@afr.com Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au Save
China Merchants Group Investments
14 Investments
China Merchants Group has made 14 investments. Their latest investment was in H-Chip Technology Group as part of their Series B on May 5, 2022.
China Merchants Group Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
5/11/2022 | Series B | H-Chip Technology Group | $14.85M | Yes | 5 | |
1/25/2022 | Series B - II | Weigong Technology | Yes | 5 | ||
12/23/2021 | Private Equity | E-P EQUIPMENT | Yes | 1 | ||
12/6/2021 | Corporate Minority | |||||
8/26/2021 | Series C |
Date | 5/11/2022 | 1/25/2022 | 12/23/2021 | 12/6/2021 | 8/26/2021 |
---|---|---|---|---|---|
Round | Series B | Series B - II | Private Equity | Corporate Minority | Series C |
Company | H-Chip Technology Group | Weigong Technology | E-P EQUIPMENT | ||
Amount | $14.85M | ||||
New? | Yes | Yes | Yes | ||
Co-Investors | |||||
Sources | 5 | 5 | 1 |
China Merchants Group Portfolio Exits
3 Portfolio Exits
China Merchants Group has 3 portfolio exits. Their latest portfolio exit was Innoviz Technologies on April 05, 2021.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
4/5/2021 | Reverse Merger | 5 | |||
Date | 4/5/2021 | ||
---|---|---|---|
Exit | Reverse Merger | ||
Companies | |||
Valuation | |||
Acquirer | |||
Sources | 5 |
China Merchants Group Acquisitions
1 Acquisition
China Merchants Group acquired 1 company. Their latest acquisition was AVIC Maritime on December 10, 2019.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
---|---|---|---|---|---|---|
12/10/2019 | Acq - P2P | 2 |
Date | 12/10/2019 |
---|---|
Investment Stage | |
Companies | |
Valuation | |
Total Funding | |
Note | Acq - P2P |
Sources | 2 |
China Merchants Group Fund History
1 Fund History
China Merchants Group has 1 fund, including China New Era Technology Fund.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
China New Era Technology Fund | 4 |
Closing Date | |
---|---|
Fund | China New Era Technology Fund |
Fund Type | |
Status | |
Amount | |
Sources | 4 |
China Merchants Group Partners & Customers
5 Partners and customers
China Merchants Group has 5 strategic partners and customers. China Merchants Group recently partnered with Wartsila on July 7, 2021.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
7/30/2021 | Vendor | Finland | Wartsila to deliver solutions for OHT’s wind turbine installation ship Wartsila stated that the GustoMSC NG-14000XL-G design jack-up vessel is being constructed for Norway-based wind turbine generator installation contractor OHT . | 1 | |
10/16/2020 | Partner | ||||
11/1/2017 | Partner | ||||
12/17/2014 | Client | ||||
9/26/2014 | Partner |
Date | 7/30/2021 | 10/16/2020 | 11/1/2017 | 12/17/2014 | 9/26/2014 |
---|---|---|---|---|---|
Type | Vendor | Partner | Partner | Client | Partner |
Business Partner | |||||
Country | Finland | ||||
News Snippet | Wartsila to deliver solutions for OHT’s wind turbine installation ship Wartsila stated that the GustoMSC NG-14000XL-G design jack-up vessel is being constructed for Norway-based wind turbine generator installation contractor OHT . | ||||
Sources | 1 |
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