JPMorgan unit eyes M&As

0 Comment(s)Print E-mail Shanghai Daily, June 24, 2011
Adjust font size:

A global private-equity investment unit of JPMorgan Chase & Co has agreed to invest US$200 million over the next two to three years in its tie-up with Beijing Capital Group to look for merger and acquisition opportunities.

The deal, signed between JPMorgan's One Equity Partner and Beijing Capital Venture Capital Co, a subsidiary under the state-owned group, will see JPMorgan invest US$30 million in the fund's portfolios while the remainder will target M&A opportunities in China.

Meanwhile, the Beijing Capital Group also set up its first joint venture fund, aiming to raise US$150 million.

Its foreign partners include fund of funds from regions such as Latin America, the Middle East and Hong Kong, according to a report by China Venture, a leading investment research institute.

The Beijing-registered fund has already submitted an application to the Beijing city government for its Qualified Foreign Limited Partners program.

The QFLP is a program that will allow overseas yuan-denominated PE funds to invest money raised abroad in China without requiring permission from the foreign exchange regulator.

Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from