Global private equity firm The Carlyle Group has invested more than USD60m in three high growth Chinese companies.
The transactions come just four months after the closing of Carlyle Asia Growth Partners IV, the fourth fund of the Carlyle Asia Growth Group, which raised USD1.04bn in 14 months.
The deals comprise investments in Nantong Rainbow Heavy Industry, China Agritech and iTour, all strong performers in their respective sectors of heavy industry, agriculture and consumer.
The transactions reflect investors’ continuing confidence in the Asian markets and their ongoing enthusiasm for investment opportunities in China.
“We are delighted to announce these three new investments only four months after the closing of our fourth growth capital fund, Carlyle Asia Growth Partners IV. These deals are further evidence of our dedication to the Chinese market and the growth potential our investors see in Chinese small and medium-sized high growth enterprises,” says Wayne Tsou, managing director and head of the Carlyle Asia growth group.
Carlyle Asia growth group’s investment philosophy is sector-agnostic, with investments across more than ten industries, including energy, consumer, technology, business services, education, industrial, healthcare, real estate and media. Eighty per cent of these investments have been made in China or India.
