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China Merchants Group company logo
Public-Private Partnership
cmhk.com

Investments

19

Portfolio Exits

3

Funds

1

Partners & Customers

7

About 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.

Headquarters Location

39-40/F China Merchants Tower, Shun Tak Center 168-200 Connaught Road, Central

Hong Kong

+852) 25428288

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Latest China Merchants Group News

Chinese data center operator Chindata to go private in $3.16b deal with Bain Capital

Aug 14, 2023

12 August, 2023 Chindata Group said on Friday it would go private in a sweetened $3.16 billion deal with investor Bain Capital, ending months of uncertainty over the future of the Chinese data center operator that also received interest from China Merchants Group. The all-cash offer from Bain Capital, Chindata‘s largest investor with 87% of voting power and 42% of outstanding shares, values each American depository share of the company at $8.60. That is a 7.5% increase from the private equity firm’s proposal in June. It also marks a premium of about 43% to the closing price of Chindata shares before the initial approach was made public. U.S.-listed shares of Chindata, which operates data centers in China, India and Southeast Asia, rose 3% after the bell. Data centers operators have enjoyed a surge in demand in recent years as more businesses take to the web. They also stand to benefit from this year’s rise of artificial intelligence services such as ChatGPT, which require massive computing power. Bain Capital, which took Chindata public on the Nasdaq in September 2020, said earlier this year it will not sell any of its shares in the company after it received a bid from China Merchants Capital for $3.4 billion. The go-private deal announced on Friday will be funded through a combination of cash and debt financing provided by Shanghai Pudong Development Bank, Chindata said. It is expected to close during the fourth quarter of 2023 or early next year. Reuters

China Merchants Group Investments

19 Investments

China Merchants Group has made 19 investments. Their latest investment was in Cathay Biotech as part of their PIPE on June 6, 2023.

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China Merchants Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/26/2023

PIPE

Cathay Biotech

Yes

1

4/19/2023

Private Equity

Sangon Biotech

$290M

Yes

2

7/5/2022

Series A

Ouyeel Financial Services

$35.72M

Yes

1

6/1/2022

Seed VC

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0

5/11/2022

Series B

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$99M

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10

Date

6/26/2023

4/19/2023

7/5/2022

6/1/2022

5/11/2022

Round

PIPE

Private Equity

Series A

Seed VC

Series B

Company

Cathay Biotech

Sangon Biotech

Ouyeel Financial Services

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Amount

$290M

$35.72M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

2

1

0

10

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

$99M

5

6/22/2020

IPO

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$99M

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10

8/23/2017

Divestiture

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$99M

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10

Date

4/5/2021

6/22/2020

8/23/2017

Exit

Reverse Merger

IPO

Divestiture

Companies

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Valuation

$99M

$99M

$99M

Acquirer

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Sources

5

10

10

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

$99M

Acq - P2P

2

Date

12/10/2019

Investment Stage

Companies

Valuation

$99M

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

7 Partners and customers

China Merchants Group has 7 strategic partners and customers. China Merchants Group recently partnered with Hong Kong University of Science and Technology on February 2, 2023.

Date

Type

Business Partner

Country

News Snippet

Sources

2/13/2023

Partner

Hong Kong

The Hong Kong University of Science and Technology HKUST and China Merchants Group Forge Collaboration on Nurturing Talents and Promoting Synergy among Industry, Academia and Research.

With Hong Kong University of Science and Technology 's world-class research capabilities and China Merchants Group 's comprehensive business and extensive network , the partnership will not only empower Hong Kong University of Science and Technology 's researchers to participate in the commercialization of their innovations , but also help them understand the business and operational challenges one may face when bringing new technologies to society .

1

12/14/2021

Partner

China

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10

7/30/2021

Vendor

Finland

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10

10/16/2020

Partner

China

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10

11/1/2017

Partner

Singapore

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10

Date

2/13/2023

12/14/2021

7/30/2021

10/16/2020

11/1/2017

Type

Partner

Partner

Vendor

Partner

Partner

Business Partner

Country

Hong Kong

China

Finland

China

Singapore

News Snippet

The Hong Kong University of Science and Technology HKUST and China Merchants Group Forge Collaboration on Nurturing Talents and Promoting Synergy among Industry, Academia and Research.

With Hong Kong University of Science and Technology 's world-class research capabilities and China Merchants Group 's comprehensive business and extensive network , the partnership will not only empower Hong Kong University of Science and Technology 's researchers to participate in the commercialization of their innovations , but also help them understand the business and operational challenges one may face when bringing new technologies to society .

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Sources

1

10

10

10

10

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