CDIB Capital Announces the Acquisition of Leading Chinese Cosmetics Packaging CompanyHong Kong, May 11, 2021
May 11, 2021 - CDIB Capital is pleased to announce its acquisition, via CDIB Buyout Partners, of a 100% interest in Yuga Group Holdings Co., Ltd (“Yuga Holdings”) in partnership with Firstred Capital and Huatai International Private Equity Fund.
Established since 2003, Yuga Holdings is an established supplier of high quality cosmetics packaging products, offering one-stop solutions for customized packaging with in-house aluminum processing capabilities. Headquartered in Suzhou, China, the company’s customer portfolio covers numerous well-established international cosmetics brands, as well as some of the fastest-growing Chinese indie cosmetics players.
The investment in Yuga Holdings follows CDIB Buyout Partners’ strategy of pursuing mid-market buyout transactions in Greater China, and leveraging on the team’s operational executives to upgrade overall performance of investee companies through targeted commercial, operational, governance and ESG improvement initiatives.
“Yuga Holdings is the first of many buyout transactions expected to be completed under CDIB Buyout Partners, our dedicated buyout investment vehicle led by Alex Ying,” said Lionel de Saint-Exupery, Vice Chairman of both CDF and CDIB. “It is a validation of the opportunity set we see within the mid-market buyout space in the region. I congratulate the CDIB Buyout Partners team for the completion of this unique and exciting transaction.”
Alex Ying, Managing Director and Head of Buyouts said, “As part of our value-add initiatives, CDIB Buyout Partners expects to promote the growth and margin expansion of Yuga Holdings by leveraging the consortium partners’ respective platforms, with deep roots both locally within China and globally, while bringing operational and strategic directives to deliver significant product and performance enhancement to an expanded customer base.”
About CDIB Capital Group
CDIB Capital Group (“CDIB”) is a leading Pan-Asian investor in private equity, venture capital, and private credit investments. Its private equity team focuses on middle market transactions targeting opportunities in the consumer, advanced manufacturing, healthcare, specialty chemicals, technology and new services sectors, seeking to capitalize on cross market opportunities in the Asia-Pacific region. It invests in buyout transactions through CDIB Buyout Partners, a dedicated middle market buyout investment vehicle led by experienced buyout and operational executives. CDIB is an affiliate of China Development Financial (“CDF”), one of the largest and oldest financial holding groups in Greater China with approximately US$125 billion in total assets. CDF is headquartered in Taipei and also has offices in Hong Kong, Shanghai, Singapore, Bangkok, Jakarta and New York.
About Firstred Capital
Firstred Capital is a private equity firm founded in 2019 by Ms. Xiaodan Liu. Its debut fund focuses on growth and buyout opportunities in consumer, healthcare, technology and industrial sectors. The core members of Firstred Capital include domestic and international industry veterans, with extensive onshore and cross-border M&A and investment experiences. Leveraging its insight into industrial evolution and understanding of capital markets, and through partnership with industry leaders and preeminent management teams, Firstred is committed to support the sustainable growth of portfolio companies and create long-term economic and social value.
About Huatai International Private Equity Fund
Huatai International Private Equity Fund is the USD Fund Management Platform affiliated to Huatai Securities, a leading securities group headquartered in Nanjing, China, listed on the Shanghai, Hong Kong and London stock exchanges with global coverage through its Hong Kong and US subsidiaries. With extensive experience in healthcare, advanced manufacturing, consumer/retail and TMT, the Fund leverages Huatai Securities' global platform to assist portfolio companies to achieve growth in China, develop overseas markets and upgrade product technology.
For more information, please visit our website at www.cdibcapital.com.
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