Stake Purchase • Retail

Acme Gear Invests In Century Ginwa

On July 3, 2024, Acme Gear invested in retailer Century Ginwa from Hony Capital

Investment Context
  • This is Acme Gear’s 1st transaction in the Retail sector.
  • This is Acme Gear’s 1st transaction in China.

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Investment Summary

Date July 3, 2024
Target Century Ginwa
Sector Retail
Investor(s) Acme Gear
Sellers(s) Hony Capital
Deal Type Stake Purchase

Target Company

Century Ginwa

Hong Kong, China
Century Ginwa is a mid-high end department store operator in North-western China with strong competitive advantages. Century Ginwa was founded in 2000 and is based in Hongkong, China.
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Investor Overview 1

Investor

Acme Gear

Englewood, New Jersey, United States

Category Company
Founded 1929
Sector Manufacturing
DESCRIPTION

Acme Gear is a precision gear manufacturing and producing of precision custom gears, helical gears, spur gears, worm gears, bull gears, pinions, splines and sprockets. Acme Gear was founded in 1929 and is based in Englewood, New Jersey.


Deal Context for Investor #
Overall 1 of 1
Sector: Retail 1 of 1
Type: Stake Purchase 1 of 1
Country: China 1 of 1
Year: 2024 1 of 1

Seller Profile 1

SELLER

Hony Capital

Beijing, China

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 13.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Hony Capital (Beijing) Co., Ltd. is a private equity firm focused on investment opportunities across China. The Firm targets buyouts and commercializations of Chinese state-owned enterprises as well as growth capital investments in rapidly-growing private Chinese companies. Hony's primary focus is within the construction materials, pharmaceuticals, construction machinery, retail, and consumer goods sectors, however, the firm will also consider opportunities in media/entertainment, financial services, energy, and resources. Hony is a long-term investor and is sponsored by Legend Holdings, parent of computer maker Lenovo amongst other properties. Hony Capital is located in Beijing, China.


Deal Context for Seller #
Overall 15 of 15
Sector: Retail 1 of 1
Type: Stake Purchase 3 of 3
Country: China 9 of 9
Year: 2024 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-19 WeWork

New York, New York, United States

WeWork is a global network of co-working offices and living spaces that looks to foster a community amongst its members. WeWork was established in 2010 and is based in New York, New York.

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