CBC Group
 | |
 Headquarters at CapitaSpring | |
Native name | 康桥资本 |
|---|---|
| Formerly | C-Bridge Capital |
| Company type | Private |
| Industry | Investment management |
| Founded | 2014 |
| Headquarters | CapitaSpring, Singapore |
Number of locations | 12 |
Key people | Wei Fu (CEO) |
| Products | Private equity Venture capital Private credit Infrastructure fund |
| AUM | US$7 billion (2023) |
Number of employees | 150 (2023) |
| Website | www |
| Footnotes / references [1] | |
CBC Group (CBC; Chinese: 康桥资本; pinyin: Kāngqiáo Zīběn) is an Asian investment firm headquartered in Singapore. It is focused on private investments in the healthcare and biotechnology industries. It is considered the largest healthcare-focused investment firm in Asia.[2][3]
Background
[edit]The firm was founded in 2014 as C-Bridge Capital in Shanghai with a focus on private equity investments in China's healthcare sector. The firm was partially backed by Temasek Holdings. C-Bridge Capital would later be rebranded to CBC Group and moved its headquarters to Singapore.[4][5][6][7][8][9]
CBC primarily invests in late stage companies that already have commercially proven projects which have passed clinical trials. However it has also funded healthcare Startup Companies with its initial strategy of just making minority investments to later taking a business incubator approach. Historically the firm has invested primarily in China, Singapore, Taiwan and Hong kong but has also invested in US-based companies that planned to expand in Asia. CBC would often pursue a strategy of backing companies that already have approved products in developed markets and bring them to China.[4][5][6][9][10]
In February 2020, CBC launched its first Private credit fund, R-Bridge Healthcare Fund which raised $300 million.[11]
On 9 June 2021, Summit Healthcare Acquisition a special-purpose acquisition company backed by CBC was listed on the Nasdaq raising $200 million.[12][13][14]
In November 2021, CBC launched its Infrastructure fund that would invest in infrastructure projects related to life science companies in China. APG provided $400 million in seed capital with the hard cap being $1.5 billion.[2][3][15][16]
CBC is headquartered in Singapore with additional offices Shanghai, Beijing, Hong Kong, New York and Seoul.[6][7][11]
Notable deals of CBC include the successful listing of Everest Medicines on Hong Kong Stock Exchange in 2020 and the privatization of South Korean company, Hugel for $1.4 billion.[8][9]
References
[edit]- ^ "Form ADV" (PDF). SEC. Archived from the original (PDF) on 15 July 2023.
- ^ a b Hoekstra, Tjibbe (15 November 2021). "APG invests $400m in Chinese life science real estate". Real Assets. Retrieved 15 July 2023.
- ^ a b Ou, Christie (25 August 2022). "APG-backed life sciences platform CBC HIP on track to hit $1.5bn hard-cap". PERE. Retrieved 15 July 2023.
- ^ a b "Why private equity China health care funds suit risk-averse investors". South China Morning Post. 8 February 2018. Retrieved 15 July 2023.
- ^ a b Cooper, Preeti Singh and Laura. "CBC Group Surpasses Target for New China-Focused Fund". WSJ. Retrieved 15 July 2023.
- ^ a b c Cher, Benjamin (27 June 2022). "CBC CEO's borderless approach to building healthcare companies". www.businesstimes.com.sg. Retrieved 15 July 2023.
- ^ a b Lynn, Alex (1 April 2022). "Healthcare firm CBC eyes global expansion after closing flagship above hard-cap". Private Equity International. Retrieved 15 July 2023.
- ^ a b "PE Firm CBC Group Weighs $737 Million Sale of Anrei Medical". Bloomberg.com. 7 February 2023. Retrieved 15 July 2023.
- ^ a b c "今天，康桥资本年内第二个IPO诞生：拿下100亿回报". finance.sina.com.cn. 9 October 2020. Retrieved 15 July 2023.
- ^ "Deal focus: CBC gets counterintuitive in China | AVCJ". AVCJ. 26 April 2023. Retrieved 15 July 2023.
- ^ a b Lynn, Alex (26 February 2020). "China's CBC expands into private credit via healthcare fund – exclusive". Private Equity International. Retrieved 15 July 2023.
- ^ "Summit Healthcare Acquisition Corp. Announces Pricing of $200 Million Initial Public Offering - PR Newswire APAC". en.prnasia.com. Retrieved 15 July 2023.
- ^ "Blank cheque firm Summit Healthcare files for $200m IPO, eyes target with China link". DealStreetAsia. Retrieved 15 July 2023.
- ^ "CBC Group founder backs healthcare-focused SPAC | AVCJ". AVCJ. 6 May 2021. Retrieved 15 July 2023.
- ^ Hong, Iris (31 October 2022). "APG, CBC JV to Build Shanghai Life Science Park". Mingtiandi. Retrieved 15 July 2023.
- ^ "Healthcare-focused PE investor CBC Group is building platforms to drive better returns". DealStreetAsia. Retrieved 15 July 2023.
