M&A Deal Summary

CDIB Capital Group, Firstred Capital and Huatai International Private Equity Fund Acquire Yuga

On May 11, 2021, private equity firms CDIB Capital Group, Firstred Capital and Huatai International Private Equity Fund acquired packaging company Yuga

Acquisition Highlights
  • This is CDIB Capital Group’s 2nd, Firstred Capital’s 1st and Huatai International Private Equity Fund’s 1st transaction in the Packaging sector.
  • This is CDIB Capital Group’s 6th, Firstred Capital’s 1st and Huatai International Private Equity Fund’s 1st transaction in China.

M&A Deal Summary

Date 2021-05-11
Target Yuga
Sector Packaging
Buyer(s) CDIB Capital Group
Firstred Capital
Huatai International Private Equity Fund
Deal Type Buyout (LBO, MBO, MBI)

Target

Yuga

Jiangsu, China
Yuga is a supplier of high-quality cosmetics packaging products, offering one-stop solutions for customized packaging with in-house aluminum processing capabilities. The company’s customer portfolio covers numerous well-established international cosmetics brands, as well as some of the fastest-growing Chinese indie cosmetics players. Yuga was founded in 2003 and is based in Jiangsu, China.

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Buyer(S) 3

Buyer

CDIB Capital Group

Hong Kong, China

Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 2.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

CDIB Capital International Corp. is the overseas investment arm of China Development Financial. CDIB makes direct investments in Asian private equity, private debt and special situations opportunities. The Firm's private equity group looks to invest $20 to $75 million in companies serving large markets, with proven management focused on 'sustainable growth' and profitability. CDIB primarily makes growth investments, but will also consider middle-market buyouts, recapitalizations, corporate divestitures, and mid-to-late stage venture capital transactions. CDIB is based in Hong Kong with additional offices in Taipei, Shanghai, Seoul and San Francisco.


DEAL STATS #
Overall 17 of 20
Sector: Packaging M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 5 of 6
Country: China M&A 6 of 7
Year: 2021 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-25 VHQ Media

Singapore, Singapore

VHQ Media provides post-production and special effects (VFX) for movies, dramas, and TV commercials. VHQ Media was founded in 1987 and is based in Singapore.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-10 Poyun Electronics

Guangdong, China

Poyun Electronics is a manufacturer of acoustic components such as voice coils, diaphragm domes, and jigs. The Company offers integrated manufacturing services including custom assemblies, electronic crossovers, and gauges, serving the loudspeaker and transducer industry. Poyun Electronics was founded in 1979 and is based in Guangdong, China.

Buy -
Buyer

Firstred Capital


Category Private Equity Firm
Founded 2019
PE ASSETS 6.8B CNY
Size Large
Type Sector Agnostic
DESCRIPTION

Firstred Capital is a private equity firm focused on partnering with entrepreneurs in growth oriented companies. The Firm invests in a variety of industries including business and consumer services, software, technology, and healthcare. Firstred Capital is based in Beijing, China.


DEAL STATS #
Overall 1 of 1
Sector: Packaging M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
Country: China M&A 1 of 1
Year: 2021 M&A 1 of 1
DESCRIPTION

Huatai International Private Equity Fund is the private equity investing arm of asset management firm Huatai Securities Co. The Fund invests in a variety of industries but prefers companies focused on consumer products, healthcare, media, technology, and telecommunications. Huatai International Private Equity Fund is based in Nanjing, China.


DEAL STATS #
Overall 1 of 1
Sector: Packaging M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
Country: China M&A 1 of 1
Year: 2021 M&A 1 of 1