CDIB Capital Jintex Buyout Transaction Accoladed the Taiwan MAPECT's Most Creative M&A Award 2019Hong Kong, October 31, 2019
We are pleased to announce that the successful acquisition of a controlling interest in publicly-listed Jintex Corporation Limited ("Jintex", TPEX: 1787) in June this year has been recognized by the Taiwan Mergers & Acquisitions and Private Equity Council (“MAPECT”) and received the “2019 Most Creative M&A Award”. This is especially significant for CDIB Capital as a landmark, take private, control deal in Taiwan's mid-market space.
MAPECT is a non-profit organization in Taipei with the mission to facilitate and advocate mergers & acquisitions and private equity transactions in Taiwan. Prominent members of MAPECT include the Taiwan Stock Exchange, the Taipei Exchange, major financial institutions, industry players, as well as private equity firms and investment banks. The MAPECT M&A Award was first started in 2011 to recognize and celebrate exceptional M&A transactions and has since become the most iconic and reputable M&A award in Taiwan.
Commenting on the award, Lionel de Saint-Exupéry, Chairman and CEO of CDIB Capital, said "On behalf of the Jintex deal team and all of us at CDIB Capital, we would like to thank MAPECT for conferring the 2019 ‘Most Creative M&A Award’. We are thrilled that our efforts in structuring and executing this opportunity alongside with Chairman Juang and his team led to success and we look forward to taking Jintex to new heights in the coming years. We believe that the partnership between CDIB Capital and Jintex will fully support the company’s ambition to become a regional leader in terms of size and technology. We are excited about the mid-market buyout opportunity set in Taiwan in general and we are keen to continue unearthing attractive investment opportunities."
Chairman Juang of Jintex commented “We are pleased to be part of CDIB Capital's acclaim in securing this prestigious recognition. We believe engaging with CDIB, a strategic financial partner, will bring Jintex, a company with a proud 40-year history, into a promising new era. We value the international network and exposure that CDIB brings, especially with the multiple angles of resources coming from the group. This will support us not only from a financial perspective but also in relation to the diversity of the industries we serve. At the same time, we are expecting the partnership with CDIB to contribute towards a smooth transition into the next generation of Jintex’s success.”
About Jintex Corporation Ltd.
Founded in 1978, Jintex is a leading manufacturer specialized in the production and distribution of textile and leather chemical auxiliary agents, which play an important role in endowing textile and leather products with various functional or technical qualities. The company has a full suite of products that address the increasingly environmentally conscious and regulatory compliant mandate international brand companies are compelled to satisfy. The company was a first mover in Taiwan to adopt and adhere to these new global standards for sustainability and has already secured top accreditations / certifications in this respect (i.e. Bluesign, ZDHC, etc.).
About CDIB Capital
CDIB Capital is a leading Asian private equity investor focused on middle market buyout and growth capital transactions. We leverage on our deep experience in venture and private equity to invest in compelling companies in consumer/retail, value-added manufacturing, healthcare, technology and new services, seeking to capitalize on cross market opportunities in the Asia-Pacific region. We are an affiliate of China Development Financial (“CDF”), one of the largest and most established merchant banking groups in Greater China with approximately US$100 billion in assets.
CDIB Capital is headquartered in Hong Kong and has offices in Taipei, Shanghai, Seoul and New York. For more information, please visit our website at www.cdibcapital.com.