Carlyle invests in 4 Asian companies
By Winny Wang |
June 8, 2010, Tuesday
|
Print Edition
Print Edition
UNITED States-based asset manager Carlyle Group has invested more than US$140 million in four Asian companies, including China's ATMU Inc, it said yesterday.
These investments were made by Carlyle Asia Growth Capital Partners IV and reflected a strong momentum by the fund since it closed at US$1.04 billion in June 2009. The fund now invests in eight companies, including the four new investments.
The new firms also include HKucar Global Co and EO Technics Co, both South Korean, and India's Tirumala Milk Products Private Ltd. Carlyle didn't reveal the allocation of the investments in the four firms.
"These companies have in common strong growth fundamentals, and they are the key beneficiaries of vibrant domestic growth stories in their respective countries," said Wayne Tsou, managing director of Carlyle Asia Growth Capital group.
ATMU Inc is the largest private automated teller machine operator in China. The firm distributes, deploys, manages and maintains ATMs in the country on behalf of client banks. It also develops management software for ATMs.
With a 15 percent share in China's fast-growing ATM market, ATMU has an exclusive cooperation agreement with the state-owned Postal Savings Bank, the fifth-largest savings institution in China operating the largest branch network in the nation.
The fund invests in high-growth companies with strong local management and leading market positions in China, India, South Korea and other key Asian markets.
These investments were made by Carlyle Asia Growth Capital Partners IV and reflected a strong momentum by the fund since it closed at US$1.04 billion in June 2009. The fund now invests in eight companies, including the four new investments.
The new firms also include HKucar Global Co and EO Technics Co, both South Korean, and India's Tirumala Milk Products Private Ltd. Carlyle didn't reveal the allocation of the investments in the four firms.
"These companies have in common strong growth fundamentals, and they are the key beneficiaries of vibrant domestic growth stories in their respective countries," said Wayne Tsou, managing director of Carlyle Asia Growth Capital group.
ATMU Inc is the largest private automated teller machine operator in China. The firm distributes, deploys, manages and maintains ATMs in the country on behalf of client banks. It also develops management software for ATMs.
With a 15 percent share in China's fast-growing ATM market, ATMU has an exclusive cooperation agreement with the state-owned Postal Savings Bank, the fifth-largest savings institution in China operating the largest branch network in the nation.
The fund invests in high-growth companies with strong local management and leading market positions in China, India, South Korea and other key Asian markets.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
