AIM-quoted China Private Equity Investment Holdings has been renamed Adamas Finance Asia (AFA).
The company’s new AIM ticker is ADAM.
The renaming follows the completion of an agreement announced last December which sees control pass to the Hong Kong-based asset management group Adamas Asset Management.
Adamas has approximately USD500m under management.
Adamas’ investment professionals will provide AFA with investment management services and with access to consistent deal flow. Their investment policy will target SMEs needing capital in Asia, with a focus on Greater China. Transactions will be structured as senior debt, bridge loans, mezzanine finance and other types of structured private financing, with a targeted internal rate of return of 20 per cent per annum.
