CDIB Capital Announces the Acquisition of Leading Chinese Acoustic Components ManufacturerHong Kong, September 10, 2021
September 10, 2021 - CDIB Capital is pleased to announce its acquisition, via CDIB Buyout Partners, of a controlling interest in Poyun Enterprise Limited (“True Voice”).
Established since 1979 and headquartered in Dongguan, China, True Voice is a world-leading supplier of acoustic components, providing high-end voice coils and tweeter domes to a diverse portfolio of blue-chip automobile OEMs and consumer electronics brands such as Mercedes Benz, BMW, Tesla, Apple, Samsung, Bose, Sonos, etc.
The investment in True Voice, in partnership with the company’s founder, reflects the core of CDIB Buyout Partners’ strategy with focus on mid-market niche leaders in Greater China. CDIB Capital is expected to leverage the team’s expertise and platform resources in driving various value-add initiatives for the company’s long-term strategic development.
“The acquisition of True Voice demonstrates once again the compelling opportunity set our dedicated buyout team, led by Alex Ying, has observed in the Greater China region,” said Lionel de Saint-Exupéry, Vice Chairman of CDIB Capital and CDF, its parent company. “CDIB’s in-house resources will be a valuable aid to the company’s continuous growth on the back of favorable market trends in the audio industry.”
Alex Ying, Managing Director and Head of Buyouts said, ”We are pleased to have the opportunity to work with the management of True Voice in driving the next stage of its growth, leveraging on the continued premiumization trend of sound entertainment within automotive and smart consumer applications. We see True Voice as a unique asset in its marketplace, and well positioned to contribute to superior quality entertainment solutions for its end customers. In-line with our core strategy of contributing significant value to our investee companies, we are excited to participate in this journey working alongside the company’s founder and management team.”
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 advanced manufacturing, healthcare, consumer, 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 Greater China 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.
For more information, please visit our website at www.cdibcapital.com.