China Biologic Privatization Transaction Led by Centurium Capital Wins AVCJ “Deal of the Year – Large Cap”
November 16, 2021, Hong Kong – The Centurium Capital-led privatization of leading plasma-based biopharmaceutical company China Biologic Products Holdings Inc. (“China Biologic” or the “Company”) was awarded “Deal of the Year – Large Cap” by Asia Venture Capital Journal (AVCJ) at its annual award ceremony on November 15 in Hong Kong. A buyer consortium led by Centurium Capital first announced its indicative proposal to privatize the Nasdaq-listed China Biologic (Nasdaq: CBPO) on September 18, 2019. On November 19, 2020, the two sides had reached an agreement for the consortium to purchase the outstanding shares not already owned by the consortium members at US$120 per share, implying a valuation of US$4.76 billion for the Company. The consortium members also included CITIC Capital, Hillhouse Capital, Temasek and the management team. The privatization transaction was closed on April 20, 2021. Zhixing Chen, Managing Director of Centurium Capital, commented, “It was a long journey for us to close the China Biologic transaction, which is one of the largest privatization deals in China’s healthcare space in recent years. I want to take this opportunity to thank our investors, our team and friends who supported us along the way. Going forward, we will continue to work...
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Centurium Capital Invests US$100 Million in Leading Chinese SaaS-based Group Catering Technology Company Meican
November 10, 2021, Beijing, China – Meican (the “Company”), a leading Chinese SaaS-based group catering technology company, announced today that it has completed E-round financing of US$100 million invested by Centurium Capital, a leading private equity investment management firm in China. The financing is expected to enhance Meican’s capabilities and investments in product research and development, global customer acquisition, supply chain diversification, and human resources development. Founded in 2011, Meican is China’s largest group catering solutions provider. The Company offers comprehensive catering solutions to corporate clients and their employees, including both on-premise and off-premise catering and SaaS solutions. It also offers SaaS solutions to traditional group dining players, including digital ordering, integrated payment processing, catering operation, corporate fee control, as well as reporting & analytics. The Company’s clients include Bytedance, Alibaba, SF Express, China CITIC Bank, Pacific Insurance, SASAC, Peking University People’s Hospital and China Southwest Aviation University, and numerous others. Through its SaaS technology and innovative solutions, Meican has transformed and modernized the traditional group catering industry. Statistics show that the group catering market in China exceeded RMB1.5 trillion in 2020, serving 670 million customers while growing at over 15 percent annually. However, the Chinese group catering industry is...
202111-10 -
Chinese Online Training Platform Yunxuetang Closes $190 Million Series E at a $1 billion Valuation
March 30, 2021, Beijing – Yunxuetang (YXT), a China-based online corporate training services provider, has recently completed two series E rounds, E1+E2, within three months of each other, totaling $190 million. Venture capital firm Matrix Partners China led the series E2 tranche with additional contributions from Sequoia Capital China and Hundreds Capital. The E1 round was closed in January 2021 and led by Tencent. Prior to this round, Yunxuetang received multiple rounds of financing from top-tier private equity managers such as Centurium Capital, YF Capital, SIG, Ximalaya, and Everest VC. After the completion the series E financing, Yunxuetang become a unicorn and best-funded corporate training service provider in the industry. This round of financing will be used for AI technology and software product innovation, data center and IT center construction, content development and customer experience enhancement. Corporate training has grown year over year, but it gained stronger growth momentum in 2020 due the COVID-19 outbreak. The pandemic resulted in an urgent need for digital transformation, and companies quickly shifted from offline training to online. As the largest and most comprehensive corporate training technology company in China, Yunxuetang has led the way in providing business digitalization solutions. Yunxuetang, founded in 2011,...
202103-30 -
Asia Venture Capital Journal Deal focus: ANE Logistics Targets an Attractive Middle
China’s less-than-truckload logistics market, which sits in between express couriers and big truck operators, is ripe for consolidation. GPs have identified their favored players. This story was written and published by Asia Venture Capital Journal at: https://www.avcj.com/avcj/official-record/3023087/deal-focus-ane-logistics-targets-an-attractive-middle By Larissa Ku March 4, 2021The recent $300 million round for ANE Logistics represents the continuation of a trend. It is the third large large-scale deal in 12 months in China’s less-than-truckload (LTL) logistics space, where capital appears to be coalescing around the three market leaders.In addition to ANE’s round – which was led by CPE – SF Freight, the LTL arm of local courier giant SF Express, received $300 million from CITIC Capital, CDH investments and Legend Capital, while the likes of Boyu Capital and Hopu Investment piled into a RMB1 billion ($154 million) extended Series D round for Yimidida.LTL operators occupy the logistics industry’s middle ground. They typically carry goods 30 kilograms and 3 tons by road; too big for the express parcel players and too small for full-truck-load carriers. “You can distinguish between the three segments in last-mile delivery by vehicle type,” says Jeff Wang, chairman of ANE. “It’s motorcycles for general parcels, vans for LTL, and trucks are full-truck-load.”Buoyed...
202103-15 -
Centurium Capital Invests in Leading E-Signature Service Provider Fadada
March 11, 2021 – Fadada, a leading e-signature and cloud contract service provider in China, announced today that the company has completed D-round financing of RMB 900 million from Tencent, Centurium Capital and ZWC Partners. Mr. Xiang Huang, Founder and CEO of Fadada, commented, “With a primary focus on e-signature application and e-contract signing solutions, we are a leader in technology and product innovation. We will continue to expand our partnership network to promote scalable cloud contract signing applications in all industry verticals and deliver value for our customers and clients.” Fadada offers a full suite of e-signature products including one-stop SaaS products, open API solutions for corporate IT and ERP systems, as well as hybrid cloud solutions for local hosting of electronic contracts and process management. Fadada is a pioneer in legal technology innovation. It was the earliest provider of block-chain based e-signature product with enhanced security features and credibility. It pioneered in building an industry-leading e-contract management system, which significantly improved the efficiency of the legal process involved in contract signing. It was the first to enable online data sharing and connection with judiciary bodies, including online arbitration institutions, online courtroom, notary offices and forensic evaluation centers, providing...
202103-11 -
Chinese Leading GPGPU Developer Iluvatar CoreX Completes RMB1.2 Billion Financing Led by Centurium Capital and Cedarlake Capital
March 1, 2021 – Iluvatar Corex (“Iluvatar” or “the Company”), a leading graphics processing units for general-purpose computing (GPGPU) developer in China, today announced that the Company has completed C-round financing of RMB1.2 billion. The financing was jointly led by Centurium Capital and Cedarlake Capital, and participated by Gortune Investment and China Unicom Innovation Investment. The financing is expected to facilitate the Company to enhance its research capabilities of its core products and accelerate the commercialization to empower more customers in multiple sectors. Centurium first invested in Iluvator in 2019 through the Company’s B round financing. GPU is the mainstream solution for powering artificial intelligence computation in areas like autonomous driving, finance, education, and healthcare. GPU chips, which can satisfy general graphics and high-performance computing, are deemed to represent the height of chip technology. Illuvatar, headquartered in Shanghai, is the only company in China that has chip products under the GPU architecture. The company initiated the 7-nanometer cloud computing GPGPU chip in 2018 and was taped out in May 2020, and its usability was proved last December. The flagship GPGPU product, BI, provides more flexible programming ability and stronger performance at a lower cost than competing mainstream offerings. Charles Lin,...
202103-01
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