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Investment Summary

Affinity Equity Partners Invests In Towngas Smart Energy

On October 25, 2021, private equity firm Affinity Equity Partners invested in utilities company Towngas Smart Energy

Investment Highlights
  • This is Affinity Equity Partners’ 1st transaction in the Utilities sector.
  • This is Affinity Equity Partners’ 8th transaction in China.

Investment Summary
Date 2021-10-25
Target Towngas Smart Energy
Sector Utilities
Investor(s) Affinity Equity Partners
Deal Type Stake Purchase

Target

Towngas Smart Energy

North Point, China
Towngas Smart Energy engages in sales and distribution of piped gas, including the provision of piped gas, construction of gas pipelines, operation of the city gas pipeline network, the operation of gas fuel automobile refilling stations, and the sale of gas household appliances. Towngas Smart Energy was founded in 1998 and is based in North Point, China.

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Investor(S) 1

Investor

Affinity Equity Partners

Hong Kong, China

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 14.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Affinity Equity Partners is an independent private equity firm focused on traditional buyout and control oriented investments across Asia-Pacific valued up to US$1 billion. Sectors of interest include businesses in consumer-related goods and services, value-added manufacturing, healthcare, financial services and business services. Affinity prefers companies with an established track record as well as proven, consistent earning power and cash flow generating ability. Affinity will not consider investments in real estate, biotechnology, tobacco, oil and gas exploration, and weaponry development and sales. Affinity Equity Partners was spun out of UBS Capital Asia Pacific in 2004 and is headquartered in Hong Kong.

DEAL STATS #
Overall 44 of 46
Sector (Utilities) 1 of 1
Type (Stake Purchase) 13 of 13
Country (China) 8 of 8
Year (2021) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-18 Hyundai Card

Seoul, South Korea

Hyundai Card provides credit card services in South Korea. Hyundai Card is based in Seoul, South Korea.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-29 Yogiyo

Seoul, South Korea

Yogiyo is an online food delivery platform allows users to order food from their favorite restaurants. Yogiyo is based in Seoul, South Korea.

Buy -
Mergr

Product

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