Saturday, April 08, 2006

VC Firm 3i Group Invests Heavily in Mainland

"Global venture capital company 3i Group said it would invest in four to five companies in the Chinese mainland every year, investing between US$20 million to US$100 million in each, in the coming years.
'We are realizing the opportunities in the economic growth of the Chinese mainland and India,' Jamie Paton, managing director of 3i Asia Pacific, told China Daily. 'Over the past five years, we have poured about US$400 million across Asia.'
Managing US$11.7 billion globally, 3i Group said it is in talks to invest in three mainland firms and wishes to finalize the deals in two to three months.
One is in the manufacturing sector and two are in consumer sector, Paton said.
All three firms are still in developing stages and it may take two to three years to make them strong, he said.
3i will invest US$20 million to US$100 million in each company and plans to exit by listing the three companies overseas in three years. "

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