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CCMP CAPITAL ASIA COMPLETES ACQUISITION OF CONTROLLING STAKE IN KAIDI POWER ENVIRONMENTAL PROTECTION CO.Hong Kong 21 June 2007: CCMP Capital Asia (CCMP) today announced the completion of the acquisition, by funds managed by CCMP Capital Asia Ltd., of a controlling stake in Kaidi Power Environmental Protection Co. (KDPE), China’s leading provider of air pollutant control engineering, procurement, and construction (EPC) services. CCMP acquired the stake in KDPE from Wuhan Kaidi Power Co., Ltd. KDPE focuses on delivering large-scale projects to remove sulphur, nitrogen, and other pollutants from waste gases produced by coal thermal electric power plants. It is also heavily involved in the research and development of new pollution control technologies. Jim Tsao from CCMP commented: “KDPE is already an established market leader in administering pollution control projects in China, and it is poised for dramatic growth as the world-wide market for its EPC services expands. Through our global network, CCMP has deep experience in the pollution control field, and we are well-positioned to assist KDPE as it moves into this next phase of international expansion.” --Ends-- Enquiries: CCMP Capital Asia Limited Gavin Anderson & Company Richard Barton/Joshua Goldman-Brown Tel: +852 2523 7189 About CCMP Capital Asia CCMP Capital Asia is one of the largest and most experienced buyout firms in Asia, with US$2.7 billion in capital commitments under management. Since its launch in May 1999, CCMP Capital Asia has advised on total investment commitments of approximately US$2.3 billion in 27 companies with total transaction value of over US$14 billion. The commitments are spread across Asia in CCMP Capital Asia’s focus markets of Greater China (including China, Hong Kong, and Taiwan), Australia and New Zealand, Japan, Southeast Asia, and South Korea. CCMP Capital Asia’s core strategy is to target control investments in market leading companies with strong cash generative business models, high barriers to entry and differentiating capabilities or products. In particular, the firm focuses on companies where it is able to utilize its operationally driven business model to create value and drive returns. Back to Press Releases |
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CCMP Capital Asia Ltd. was formed in October 2005. Previously, the firm's management team operated and managed J.P. Morgan Partners Asia, a private equity affiliate of JPMorgan Chase & Co. The historical information and biographies presented reflect the activities of CCMP Capital Asia professionals while managing J.P. Morgan Partners Asia. Nothing contained herein constitutes an offer to sell or a solicitation of an offer to purchase any investments or securities of any investment vehicles. © 2006 CCMP CAPITAL ASIA LTD. All rights reserved. |
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