Investcorp announced it has completed the acquisition of a controlling stake in Shandong Jianuo Electronics (Jianuo).
The Bahrain-based alternative investment firm said the acquisition represents a continuation of its strategy of investing in and scaling category-leading growth companies with deep engineering and technology know-how, particularly those with a strong sustainability mission.
Operating from the Shandong Province and China’s Greater Bay Area, Jianuo is a leading provider of specialty premium components used in fast-growing high-end applications such as electric vehicles power management, battery charging infrastructure, solar and wind power generation, and 5G base station infrastructure.
Hazem Ben-Gacem, co-chief executive of Investcorp, said: “The shift to a low-carbon economy will create entirely new industries and value chains within the next five to 15 years, and Jianuo is right at the heart of that evolving trend. This acquisition reflects our strategy of investing in innovative and growing mid-sized companies and offering investors high-quality alternative investment opportunities in future-focused industries that are key to the global energy transition efforts. This acquisition marks our first control buyout in China. Investcorp is pleased to partner with Jianuo and to leverage our long-standing global expertise in elevating family-run businesses into institutionally managed global players.”
Jianuo is well-positioned to benefit from the domestic and international drive for energy transition, decarbonisation and increasing automation. It has become a highly regarded research and development and advanced manufacturing partner to a wide group of global providers of alternative energy solutions including in the US, Europe and Japan.
Duncan Zheng, China head of private equity at Investcorp, said: “We look forward to partnering with Jianuo’s founders, management and more than 400 employees as we embark on the next phase of Jianuo’s growth journey. Jianuo is well-positioned to expand and deepen its strong relationships with leading global renewable energy players through its extensive R&D capabilities and proprietary manufacturing know-how in producing innovative specialty components.”
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