Beijing / Hong Kong – October 22, 2025 – Following the announcement by Sinotrans Limited (“Sinotrans”) on 26 June 2025 regarding the sale of its 25% stake (via its indirect wholly owned subsidiary China Merchants Shipping) in Loscam International (“Loscam”) to Mubadala Investment Company (“Mubadala”), an Abu Dhabi-based global investor, the parties are pleased to confirm the successful completion of the transaction. All closing conditions and regulatory approvals have been met.
As a result of the transaction, Mubadala and Trustar Capital each hold 30% stake in Loscam, while FountainVest and Sinotrans each hold 20% stake. This transaction represents Mubadala’s first co-control investment in Asia’s industrial sector, underscoring the increasing confidence of global investors in the region’s evolving supply chain landscape.
Headquartered in Hong Kong, Loscam operates across 13 regions in the Asia-Pacific, including Australia, New Zealand, Southeast Asia, and Greater China. The company is a leading provider of sustainable, high-quality pooling and logistics solutions, serving top-tier clients in the fast-moving consumer goods, retail, and manufacturing sectors. With a legacy dating back to 1942, Loscam has built a strong reputation as a trusted partner in optimizing supply chain operations.
The global pallet market continues to offer significant growth opportunities, enabling companies to enhance efficiency, reduce costs, improve safety, and drive sustainability throughout their supply chains. Innovations in automation, data analytics, and material science are further accelerating the optimization of pallet-based logistics.
Li Shichu, Vice President, Board Secretary and General Counsel (Chief Compliance) of Sinotrans, said: “Mubadala’s investment represents a new stage in the development of Loscam. The internationalization and diversification at the shareholder level will entitle the company with a broader global perspective, advanced capital connections, and enhanced innovative momentum. Sinotrans believes that capital cooperation will better enable Loscam to expand its global presence and continue to shape a new cooperation paradigm in the logistics packaging equipment sector. We also remain fully confident in the future of Loscam and will, as always, support its high-quality development in the future, contributing Sinotrans’ strength to building an efficient global supply chain system.”
“We are pleased to partner with Trustar Capital, FountainVest, and Sinotrans to support Loscam’s next phase of growth. We see strong potential in Loscam, particularly in Greater China and Southeast Asia, where pallet pooling remains underpenetrated. This investment reflects our long-term commitment to Asia and our focus on scaling across high-conviction sectors with leading local partners,” said Mohamed Albadr, Head of Asia at Mubadala.
Zouhir Regragui, Head of Industrials & Business Services at Mubadala, added: “Dynamic pallet pooling is a critical element of contemporary logistics and has proven to be very resilient across economic cycles. We have been closely monitoring Loscam for over half a decade and are delighted to be investing in a market leader with strong fundamentals that align closely with our strategy. We look forward to collaborating with the experienced management team and our partners to further strengthen its market leadership. ”
Derek Wang, Partner of Trustar Capital, said: “Mubadala’s investment represents a significant milestone in Loscam’s continued growth and evolution. The company plays a vital role in advancing the standardization and efficiency of logistics and supply chain infrastructure across the region. Trustar has maintained a long-standing partnership with Loscam’s management team, providing strategic support to drive sustainable value creation. With Mubadala joining the shareholder base, we are confident in Loscam’s long-term prospects and remain committed to further strengthening its market leadership in the pallet pooling industry.”
Leon Xu, Managing Director of FountainVest, said: “We welcome Mubadala’s investment and shared confidence in Loscam. We remain strongly convinced of Loscam’s growth potential, especially in the Greater China region, where the palletization and rental markets continue to grow. Leveraging our expertise in logistics, supply chain, and global resources, FountainVest will collaborate with the company’s management and shareholders to further develop its international presence, R&D, and sales, providing comprehensive support for its growth.”
Sirin Limpaitoon, CEO of Loscam, said: “Mubadala’s investment marks an exciting new chapter for the Loscam team, our customers, and suppliers. With the combined strength of Mubadala, Trustar Capital, FountainVest and Sinotrans, we are well poised to continue expanding equipment pooling and supply chain innovation across Asia-Pacific. Each of our investors offers significant expertise and capability in ensuring as a business we continue to innovate, drive efficiency and improve the overall value proposition for our many thousands of customers.”
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About Mubadala Investment Company
Mubadala Investment Company is a sovereign investor managing a global portfolio, aimed at generating sustainable financial returns for the Government of Abu Dhabi.
Mubadala’s $330 billion (AED1.2 trillion) portfolio spans six continents with interests in multiple sectors and asset classes. Mubadala leverages its deep sectoral expertise and long-standing partnerships to drive sustainable growth and profit, while supporting the continued diversification and global integration of the economy of the United Arab Emirates.
Headquartered in Abu Dhabi, Mubadala has additional offices in New York, London, Rio de Janeiro, San Francisco and Beijing.
For more information about Mubadala Investment Company, please visit: www.mubadala.com.
About Trustar Capital
Trustar Capital (the private equity affiliate of CITIC Capital Holdings Limited), focuses on control buyout opportunities globally and has completed over 100 investments since inception across China, Japan, U.S., Europe, etc. Trustar Capital currently manages USD10 billion of committed capital. For more information, please visit: www.trustarcapital.com.
Founded in 2002, CITIC Capital Holdings Limited is an alternative investment management and advisory company. The firm manages approximately USD14 billion of capital across 100 funds and investment products through its multiple asset class platform covering private equity, real estate, structured investment & finance, asset management, and special situations. CITIC Capital has over 300 portfolio companies that span 10 sectors and employ over 500,000 people around the world.
About FountainVest
FountainVest is one of the most established independent private equity firms in Asia. The firm focuses on long-term investments in industry leaders, partnering closely with management teams to accelerate growth and create value in strategy, operations, finance, and capital markets. Sectors of focus include consumer, healthcare, industrials, and business services. FountainVest manages assets on behalf of world leading public pensions, sovereign wealth funds, and other institutional investors.
About Sinotrans
Sinotrans was listed in Hong Kong Stock Exchange on February 13th, 2003 and listed in Shanghai Stock Exchange on January 18th, 2019 (stock code: 00598.HK; 601598.SH). Leveraging on its comprehensive service network, abundant logistics resources, strong professional capabilities of logistics solutions, and leading supply chain logistics model, Sinotrans provides customized logistics solutions and integrated whole supply chain logistics services.
About Loscam
Loscam is a trusted provider of pooling and returnable packaging solutions for use in supply chains. Operating in 13 regions throughout the Asia Pacific, Loscam focuses on delivering high-quality, innovative, and environmentally sustainable solutions, along with fit-for-purpose systems and procedures tailored to local markets. This dedication has helped Loscam hold a leading market position in various sectors, including manufacturing and retail supply chains.
Established in 1942, Loscam operates in Australia and New Zealand, Southeast Asia (Thailand, Singapore, Malaysia, Indonesia, Philippines, Vietnam, Myanmar and Cambodia) and Greater China (Chinese mainland, Hong Kong and Taiwan region).
Media Contacts:
Mubadala Investment Company
Zoey Gao
+86 15711316370
zgao@mubadala.ae
Trustar Capital
Cindy Tam
+852 3710 6813
cindytam@citiccapital.com
FountainVest
Xiao Cai
+8610 5776 6235
xiaocai@fountainvest.com
Loscam
Dora Tang
+852 2200 0672
dora.tang@loscam.com
(Hong Kong, 6 Aug 2025) – Trustar Capital (the private equity affiliate of CITIC Capital Holdings Limited) is pleased to announce the final closing of its latest RMB buyout fund (hereinafter referred to as the “New RMB Buyout Fund” or “the Fund”) with a total size exceeding RMB4.5 billion. Following this fundraising, Trustar Capital’s total assets under management (AUM) reach USD9.59 billion.
The Fund has attracted a diverse group of institutional investors, primarily comprising government guidance funds, insurance capital, funds of funds, securities companies, and corporates. Established in the Suzhou Industrial Park, a national-level economic and technological development zone, the Fund will leverage the industrial cluster advantages of the Yangtze River Delta region to drive deeper integration of capital and industry.
The Fund will adhere to Trustar Capital’s core investment strategy, focusing on control buyouts across its key sectors and around its portfolio ecosystem, targeting high-growth companies.
Since its inception, Trustar Capital has invested in leading companies across various sectors, completing a number of landmark transactions, including McDonald’s China, TrustLink, GuiLong Pharmaceutical, OmniVision and AsiaInfo. This experience has enabled Trustar Capital to build a robust portfolio ecosystem.
Yichen ZHANG, Chairman and CEO of CITIC Capital and Chairman of Trustar Capital, stated: “Despite a complex and evolving global landscape, China’s economy has demonstrated resilience and maintained steady growth. The domestic private equity industry is navigating a period of adjustment, making the successful final closing of our new RMB Buyout Fund especially meaningful. The achievement reflects strong investors confidence in our strategy and track record, as well as the continued trust and expectations of both new and existing limited partners. It underscores our shared confidence in China’s economic outlook.”
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About Trustar Capital
Trustar Capital (the private equity affiliate of CITIC Capital Holdings Limited), focuses on control buyout opportunities globally and has completed over 100 investments since inception across China, Japan, U.S., Europe, etc. Trustar Capital currently manages USD9.59 billion of committed capital. For more information, please visit http://www.trustarcapital.com/.
Founded in 2002, CITIC Capital Holdings Limited is an alternative investment management and advisory company. The firm manages aapproximately USD14 billion of capital across 100 funds and investment products through its multiple asset class platform covering private equity, real estate, structured investment & finance, asset management, and special situations. CITIC Capital has over 300 portfolio companies that span 10 sectors and employ over 500,000 people around the world.
For media enquiries, please contact:
Cindy TAM
Director, Corporate Relations
CITIC Capital Holdings Limited
Tel: +852 3710 6813
cindytam@citiccapital.com
Irene GAO
Senior Associate, Corporate Relations
CITIC Capital Holdings Limited
Tel: +852 3710 6814
irenegao@citiccapital.com
(Tokyo, 31 March 2025 ) Trustar Capital Partners Limited (“Trustar Capital”) is pleased to announce that it has transitioned the bank loan (the “Loan”) previously implemented through KG Holdings Co., Ltd. (“KGHD”), the holding company of Kaneko Group when it entered into a strategic investment with Kaneko Group back in 26 December 2023, into sustainable finance (converting into Sustainability-Linked Loan) today with opinion obtained from a third-party rating agency.
The Loan, originally formed with MUFG Bank Ltd. as the arranger, has now been successfully converted into sustainable finance. This transition was achieved with the support of existing lenders and a third-party assessment by Japan Credit Rating Agency Ltd. confirming compliance with both the Sustainability-Linked Loan (“SLL”) Principles1 and Sustainability-Linked Loan Guidelines2.
SLL is a financing mechanism designed to incentivize borrowers’ sustainability progress by linking loan terms such as interest rates to the achievement of ambitious Sustainability Performance Targets (“SPTs”), which are derived from Key Performance Indicators aligned with the borrower’s core sustainability strategy. Under the Loan, SPT is defined as the net increase in waste paper collection volume at Kaneko Corporation (“Kaneko”, led by President & CEO of Takuzo KANEKO), the core company of Kaneko Group, and the incentives of preferential interest rates are applied based on SPT achievement levels.
Kaneko is a leading integrated recycling solution provider, delivering one-stop services from collection, transportation and intermediate processing (including re-manufacturing of waste paper) of not only waste paper, but also various other materials including plastics and metals. Kaneko Group has established its most critical objectives to achieve both business growth and contribution on eco-friendly sustainable society: “Accelerating group-wide initiatives in strengthening recycling, reuse and waste reduction” as well as “Enabling customers’ circular economy”, where the SPT metric of net increase in waste paper collection volume directly links with the progress towards these objectives.
Trustar Capital has consistently conducted investment activities guided by “Investing for Good” philosophy. By focusing on responsible investments with considerations on sustainability and ESG, it will not only bring economic returns, but also long-term and continuous benefits for society and environment. Since formalizing group-wide ESG policy in 2018, Trustar Capital has systematically embedded sustainability and ESG considerations into each stage of the investment lifecycle. The transition into sustainable finance collaborating with portfolio company this time further promotes “Investing for Good” philosophy through actionable movements.
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About KG Holdings Co., Ltd.
Established: 2023
Representative: Takuzo KANEKO, President and CEO
Headquarters: 990 Okitsu-nakamachi, Shimizu-ku, Shizuoka, Japan
Website: https://kaneko-hd.co.jp/
About Trustar Capital Partners Limited
Trustar Capital Partners Limited specializes in private equity fund business globally with a focus on Asia including Japan.
Trustar Capital Japan Fund provides hands-on support to help medium-sized Japanese enterprises with strong brand equity and technological advantage to achieve sustainable growth. Since the establishment in 2004, Trustar Capital Japan Fund has executed 17 platform investments across target sectors.
Websites:
(Japanese) http://www.trustarcapital.jp/
(English) http://www.trustarcapital.com/
For inquiries, please contact:
Trustar Capital Partners Japan Limited
03-5211-3830 (Taizo SEKO)
(１) Asia Pacific Loan Market Association (APLMA), Loan Market Association (LMA), Loan Syndications and Trading Association (LSTA). “Sustainability-Linked Loan Principles 2023” (https://www.lsta.org/content/sustainability-linked-loan-principlessllp/)
(２) Ministry of the Environment: Sustainability-Linked Loan Guideline 2024 (https://www.env.go.jp/content/000062348.pdf)
(Hong Kong, 21 October 2024) CITIC Capital Holdings Limited announced that through its private equity affiliate, Trustar Capital, it has entered into a share purchase agreement with CITIC Limited to acquire its equity interest in McDonald’s mainland China, Hong Kong and Macau businesses (hereafter referred to as “McDonald’s China”). Upon completion of the transaction, the CITIC Capital consortium (including CITIC Capital and Trustar Capital) will remain McDonald’s China’s controlling shareholder and will continue to play a significant role in its operations going forward.
Since 2017, McDonald’s China has experienced rapid expansion and robust development, marking a significant milestone for us. Driven by strong optimism about the growth prospects of the Chinese economy and consumer market, as well as the development potential of McDonald’s China, the CITIC Capital consortium has increased its investment.
Yichen ZHANG, CITIC Capital’s Chairman and CEO, Chairman of McDonald’s China, said: “As the controlling shareholder of McDonald’s China, we are committed to elevating McDonald’s China to new heights and achieving our goal of opening over 10,000 stores. Over the years, we have collaborated closely with CITIC Limited to facilitate McDonald’s China’s rapid growth and have achieved remarkable results in terms of business expansion, sustainable development and strong recognition from investors and consumers. We look forward to continuing the business collaboration with CITIC Limited in the future and jointly promote the high-quality development of China’s economy and consumer market.”
For details of the transaction, please refer to the official announcement of CITIC Limited: https://www1.hkexnews.hk/listedco/listconews/sehk/2024/1021/2024102100405.pdf
About CITIC Capital and McDonald’s China
In 2017, CITIC Capital, CITIC Limited, Carlyle, and McDonald’s Corporation established a strategic partnership. Driven by strong conviction about the growth prospects of McDonald’s China, CITIC Capital acquired 22% of McDonald’s China’s stake from CITIC Limited in early 2020, further expanding its ownership to 42%. CITIC Capital has taken a series of measures to promote the local development of McDonald’s China by accelerating store openings, digital empowerment, and localization of the supply chain, which significantly improved McDonald’s China’s operational capabilities and financial performance. In 2023, McDonald’s Corporation agreed to acquire Carlyle’s minority ownership stake in McDonald’s China, increasing its stake in McDonald’s China to 48%. In 2024, the CITIC Capital consortium announced its plan to increase its investment in McDonald’s China. Following the completion of the transaction, the CITIC Capital consortium will hold 52% ownership in McDonald’s China.
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(Tokyo, 20 June 2024) Trustar Capital Partners Limited (“Trustar Capital”) announced today that TAUNS Laboratories, Inc. (“TAUNS”, Code:197A), an investment of Trustar Capital Japan Fund III (hereinafter “the Fund”), has been listed on the Tokyo Stock Exchange Standard Market today. TAUNS develops, manufactures, and sells in vitro diagnostics and research reagents. In conjunction with TAUNS’ listing, the Fund has sold a portion of its shares in TAUNS. The market capitalization based on the offering price is approximately JPY50 billion.
Since the early 2000s, TAUNS has been developing rapid diagnostic kits for various infectious diseases, including tuberculosis, influenza, adenovirus, and norovirus. The company’s quality and industry-wide reputation among medical institutions have made it a leading provider of major respiratory infection test kits.
During the COVID-19 pandemic, TAUNS was one of the three companies in Japan, along with two major listed companies, to receive early approval for the manufacture and sale of antigen test kits for COVID-19. TAUNS has a competitive edge in its highly skilled and experienced development team with diverse expertise.
Trustar Capital invested in TAUNS in July 2016 and has since worked closely with the management team to promote the expansion of TAUNS’ business in Japan and overseas market, as well as to improve its governance in preparation for listing. The company has achieved remarkable growth since Trustar Capital’s investment and is now entering a new growth phase. Trustar Capital will continue to support TAUNS’ growth as a shareholder after its listing. TAUNS will continue to expand its market and improve its services to ascertain its leading position in the industry.
The joint lead bookrunners for this transaction are Daiwa Securities Co., Ltd. and Mitsubishi UFJ Morgan Stanley Securities Co., Ltd./Morgan Stanley MUFG Securities Co., Ltd.
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About TAUNS Laboratories, Inc.
Established： 1987
Representative：Masaki NONAKA, CEO
Headquarters： 761-1 Kamishima, Izunokuni City, Shizuoka
Website： https://www.tauns.co.jp/en/
About Trustar Capital Partners Limited
Trustar Capital Partners Limited focuses on control buyout opportunities globally and has completed around 100 investments since inception across China, Japan, U.S., Europe, etc. Trustar Capital currently manages USD8.7 billion of committed capital.
Trustar Capital Japan Fund has been providing hands-on support and promoting the growth of mid-sized Japanese companies with strong brand equity and technical capabilities. Since its establishment in 2004, it has made 17 investments.
For more information, please visit http://www.trustarcapital.com/
For media enquiries, please contact:
Cindy TAM
Director, Corporate Relations
CITIC Capital Holdings Limited
Tel: +852 3710 6813
cindytam@citiccapital.com
Irene GAO
Senior Associate, Corporate Relations
CITIC Capital Holdings Limited
Tel: +852 3710 6814
irenegao@citiccapital.com
Takato FUKUDA
Director
Trustar Capital Partners Japan Limited
Tel: +81 3 5211-3830
(Hong Kong, 2 April 2024) – Trustar Capital (the private equity affiliate of CITIC Capital Holdings Limited) is pleased to announce the successful completion of the acquisition of leading throat healthcare company Guilong Pharmaceutical (Anhui) Co., Ltd. (“Guilong Pharmaceutical”, or the “Company”) via its China buyout fund. This acquisition marks a significant milestone in Trustar Capital’s investment strategy in the OTC pharmaceutical and wellness industry.
Established in 1989, Guilong Pharmaceutical has a rich history of over 30 years. Guided by the mission of “Inheriting the Essence of Chinese Medicine, Promoting Public Health”, Guilong Pharmaceutical has continuously pursued research and innovation to enrich its product portfolio, covering both the OTC pharmaceutical and the larger wellness sector. Over the years, the company has successfully built two well-known brands, Guilong (桂龙) and Manyanshuning (慢严舒柠), offering a comprehensive selection of solutions for throat problems spanning from mild to severe conditions. Additionally, Guilong Pharmaceutical has expanded its product line into the broader wellness sector, providing consumers with a diverse selection of products for throat health and related areas.
With the increasing demand for medical health, the OTC pharmaceutical and wellness industry in China has a promising outlook. OTC pharmaceuticals play a crucial role in improving treatment accessibility and reducing healthcare costs. In recent years, there has been a significant surge in China’s self-care and self-medication markets, bolstered by the extensive support from national policies. Furthermore, factors such as an aging population, heightened public health awareness, tech innovation, and pervasive healthcare reform will continue to drive steady growth in the Chinese OTC pharmaceutical market. According to IQVIA, a leading global healthcare service provider, the market size of OTC sector will exceed RMB300 billion by 2025.
DAI Feng, general manager of Guilong Pharmaceutical, said: “With robust backing from the domestic healthcare sector, coupled with a surge in consumer health consciousness and escalating per capita healthcare expenditures, Guilong Pharmaceutical has undergone an expansion in its operations.In the future, under the support of Trustar Capital, Guilong Pharmaceutical will further expand the treatment offerings, enhance product portfolio, and improve omnichannel presence to strengthen our leading position in the OTC pharmaceutical and wellness markets.”
ZHAO Yan, Senior Managing Director of Trustar Capital, said: “We are optimistic about the future of China’s OTC pharmaceuticals industry. We highly recognize Guilong’s excellent reputation in the market and their iconic brand and are excited to work with the outstanding and energetic management team led by general manager DAI Feng. Looking ahead, we aim to utilize our resources and post-investment experience to further empower the company. Additionally, we plan to leverage our M&A expertise and network to expand Guilong Pharmaceutical’s product line and treatment offerings, driving sustainable growth going forward.”
Trustar Capital has significant investment experience in the healthcare sector, focusing on comprehensively and continuously integrating resources and expanding the industry, and has established a rich ecosystem of portfolio enterprises, including Harbin Pharmaceutical Group, GNC, Taibang Biologic Group, Jissbon, Genertec Universal Medical, Hygeia Healthcare, Genesis MedTech, MedAlliance and other high-quality enterprises. This acquisition of Guilong Pharmaceutical aligns perfectly with Trustar Capital’s buyout investment strategy. It also showcases Trustar Capital’s deep experience and strong capabilities when it comes to multinational corporations carving out their Chinese businesses. Moving forward, Trustar Capital will remain focused on mergers and integration within the OTC pharmaceutical and wellness space and create long-term value by building out a complete suite of public health services over the long run.
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About Trustar Capital
Trustar Capital (the private equity affiliate of CITIC Capital Holdings Limited), focuses on control buyout opportunities globally and has completed around 100 investments since inception across China, Japan, U.S., Europe, etc. Trustar Capital currently manages USD8.7 billion of committed capital. For more information, please visit http://www.trustarcapital.com/.
Founded in 2002, CITIC Capital Holdings Limited is an alternative investment management and advisory company. The firm manages over USD16 billion of capital across 100 funds and investment products through its multiple asset class platform covering private equity, real estate, structured investment & finance, and asset management. CITIC Capital has over 290 portfolio companies that span 11 sectors and employ over 500,000 people around the world.
For media enquiries, please contact:
Cindy TAM
Director, Corporate Relations
CITIC Capital Holdings Limited
Tel: +852 3710 6813
cindytam@citiccapital.com
Irene GAO
Senior Associate, Corporate Relations
CITIC Capital Holdings Limited
Tel: +852 3710 6814
irenegao@citiccapital.com
RMB60 billion investment marks one of the largest private equity transactions in China in the past five years
(Dalian, 30 March 2024) PAG, together with CITIC Capital, funds managed by Ares Management (“Ares”), Platinum Peony B 2023 RSC Limited (a wholly-owned subsidiary of the Abu Dhabi Investment Authority or “ADIA”), and Mubadala Investment Company (“Mubadala”), today announced the signing of a joint investment of approximately RMB60 billion (USD8.3 billion) for a 60% stake in Newland Commercial Management.
Newland is an operational management platform which inherits the businesses of Zhuhai Wanda Commercial Management Group Co., Ltd. (“WCM”), currently managing 496 large-scale commercial malls across China.
The signing today follows the announcement on 12 December 2023 by PAG and Dalian Wanda Commercial Management Group Co. Ltd. for the framework of reinvestment in WCM.
The investment announced today marks one of the largest private equity transactions in China in the past five years, representing a strong vote of confidence by global institutional investors in Newland’s growth prospects.
David WONG, Partner and Co-Head of Private Equity at PAG, said: “This investment demonstrates global institutional investors’ recognition of Newland’s long-term development potential. We believe that Newland’s strong competitiveness and significant first-mover advantage will support it to achieve stable and sustainable operating performance, which in turn will bring solid returns to investors.”
Yichen ZHANG, Chairman and Chief Executive Officer of CITIC Capital, said: ” CITIC Capital holds a strong long-term belief in the tremendous potential of the commercial management market in China. As a frontrunner in the industry, Newland boasts significant competitive advantages and a promising future. We are confident that this investment will provide Newland with lasting stability and support, facilitating the company’s robust and rapid development, and driving further value creation.”
In August 2021, PAG, CITIC Capital, Ares and other existing investors made an investment in WCM. In the three years since then, WCM has consistently outperformed its financial targets and has distributed dividends to shareholders of RMB4.6 billion in 2021, RMB6.7 billion in 2022 and RMB8.8 billion (estimated) in 2023.
Newland has pledged to focus on building independent corporate governance, incentivizing the management team, and improving its operational efficiency. The investors are committed to support Newland’s long-term growth prospects by solidifying its market-leading position in the commercial mall operational management sector.
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About Newland Commercial Management
Newland Commercial Management, together with its subsidiary Zhuhai Wanda Commercial Management Group Co., Ltd., is the world’s largest commercial management company. Over the past 20 years has established trust partnerships with more than 25,000 brands and built a strong competitive advantage. The company currently manages 496 large-scale commercial malls in 230 cities across China with about 70 million square meters of area under management, serving more than 100,000 commercial customers. The company is committed to green and high-quality development with 254 shopping malls under management having obtained Green Mall certification.
About CITIC Capital
Founded in 2002, CITIC Capital Holdings Limited is an alternative investment management and advisory company. The firm manages over USD16 billion of capital across 100 funds and investment products through its multiple asset class platform covering private equity, real estate, structured investment & finance, and asset management. CITIC Capital has over 290 portfolio companies that span 11 sectors and employ over 500,000 people around the world. For more information, please visit www.citiccapital.com.
For media enquiries, please contact:
Cindy TAM
Director, Corporate Relations
CITIC Capital Holdings Limited
Tel: +852 3710 6813
cindytam@citiccapital.com
Irene GAO
Senior Associate, Corporate Relations
CITIC Capital Holdings Limited
Tel: +852 3710 6814
irenegao@citiccapital.com
(Tokyo, 31 January 2024) Trustar Capital Partners Limited (“Trustar Capital”) announced today that it has completed the sale of MARK STYLER Co., Ltd. (“MARK STYLER” or the “Company”) held by its third Japan buyout fund to the current Company management for their Management Buyout (the “MBO”).
MARK STYLER is one of the top young ladies’ apparel companies in Japan. With the philosophy of “always being a company that delivers enjoyment, excitement and luxury to people around the world through fashion”, MARK STYLER has built up 15 distinguished popular brands, including MERCURYDUO, EMODA, GYDA, Ungrid, dazzling, and LAGUNAMOON, etc. It operates over 150 domestic stores and also runs its own EC platform, “RUNWAY channel,” etc. to spread fashion through diverse channels.
Since the investment in May 2015, Trustar Capital has continuously supported MARK STYLER’s business transformation and growth together with the Company management. Besides taking a series of initiatives to further strengthen a robust domestic business base, for overseas business, Trustar Capital has also actively facilitated the Company to expand its China presence, leveraging its rich experience, know-how and resources network.
MARK STYLER is now embracing a new growth chapter. Trustar Capital believes that after the MBO, the Company will further deliver prosperous business performance and continue to bring more enjoyment, excitement and luxury to customers as an apparel industry pioneer under its rapid decision-making mechanism led by the current Company management.
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Note: Anderson Mori & Tomotsune served as a legal advisor for the transaction.
About MARK STYLER Co., Ltd.
Established: 2005
Representative: Masanori AKIYAMA, President and CEO
Headquarters: 5-8-14 Hiroo, Shibuya-ku, Tokyo
Website: https://www.mark-styler.co.jp/
About Trustar Capital
Trustar Capital (formerly known as CITIC Capital Partners), focuses on control buyout opportunities globally and has completed around 100 investments since inception across China, Japan, U.S., Europe, etc. Trustar Capital currently manages USD8.7 billion of committed capital. For more information, please visit http://www.trustarcapital.com/.
Trustar Capital is a private equity affiliate of CITIC Capital Holdings Limited, founded in 2002, CITIC Capital Holdings Limited is an alternative investment management and advisory company. The firm manages USD17 billion of capital across 100 funds and investment products through its multiple asset class platform covering private equity, real estate, structured investment & finance, and asset management. CITIC Capital has over 290 portfolio companies that span 11 sectors and employ over 600,000 people around the world.
For media enquiries, please contact:
Cindy TAM
Director, Corporate Relations
CITIC Capital Holdings Limited
Tel: +852 3710 6813
cindytam@citiccapital.com
Irene GAO
Senior Associate, Corporate Relations
CITIC Capital Holdings Limited
Tel: +852 3710 6814
irenegao@citiccapital.com
Masahiro ITO
Senior Managing Director, Head of Japan Private Equity
Trustar Capital Partners Japan Limited
Tel: +81 3 5211-3830
(Tokyo, 26 December 2023) Trustar Capital Partners Limited is pleased to announce that it has entered into a strategic investment with Kaneko Group. The CEO of Kaneko Group, President Mr. Takuzo KANEKO, will continue to serve in his management role.
Kaneko Group is a leading company in the recycling industry, providing one-stop services from collection, transportation, and intermediate processing (including re-manufacturing of waste paper) of various materials such as waste paper, plastics and metals, that are produced as sub-products in the course of corporate business activities. The company serves a wide range of customers including large corporate and government nationwide, offering total recycling services from collection to regeneration, tailored to the needs of its customers.
Leveraging its investment track record in this industry, management know-how, and insights into capital markets, Trustar Capital will actively support the growth of Kaneko Group by strengthening its sales organization, management structure as well as actively implementing bolt-on acquisitions, with a goal for a potential future public listing.
These days, as awareness of achieving a sustainable society increases rapidly, addressing ESG has become one of the most critical themes in corporate management. The total recycling services provided by Kaneko Group are increasingly crucial for companies to fulfill their social responsibilities. Trustar Capital will continue to provide further support, contributing to the expansion of the circular economy and, ultimately, the resolution of environmental issues facing society.
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Notes: Anderson Mori & Tomotsune Law Office served as legal advisor, while Deloitte Touche Tohmatsu Group served as the accounting, tax and business advisor on this transaction for Trustar Capital.
About Kaneko Group
Established: 1948
Representative: Takuzo KANEKO, President and CEO
Headquarters: Shizuoka, Japan
Website: https://kaneko-hd.co.jp/
About Trustar Capital Partners Limited
Trustar Capital (formerly known as CITIC Capital Partners), focuses on control buyout opportunities globally and has completed around 100 investments since inception across China, Japan, U.S., Europe, etc. Trustar Capital currently manages USD 8.7 billion of committed capital. For more information, please visit http://www.trustarcapital.com/.
Trustar Capital is a private equity affiliate of CITIC Capital Holdings Limited. Founded in 2002, CITIC Capital Holdings Limited is an alternative investment management and advisory company. The firm manages over USD17 billion of capital across 100 funds and investment products through its multiple asset class platform covering private equity, real estate, structured investment & finance, and asset management. CITIC Capital has over 290 portfolio companies that span 11 sectors and employ over 600,000 people around the world.
For media enquiries, please contact:
Cindy TAM
Director, Corporate Relations
CITIC Capital Holdings Limited
Tel: +852 3710 6813
cindytam@citiccapital.com
Irene GAO
Senior Associate, Corporate Relations
CITIC Capital Holdings Limited
Tel: +852 3710 6814
irenegao@citiccapital.com
Masahiro ITO
Senior Managing Director, Head of Japan Private Equity
Trustar Capital Partners Japan Limited
Tel: +81 3 5211-3830
McDonald’s Corporation (NYSE: MCD) and global investment firm Carlyle (NASDAQ: CG) announced on 20 November, 2023 that McDonald’s has agreed to acquire Carlyle’s minority ownership stake in the strategic partnership that operates and manages McDonald’s business in mainland China, Hong Kong and Macau.
The CITIC Consortium, mainly through its equity affiliate CITIC Capital, will maintain its controlling ownership stake. Upon completion of the transaction, the CITIC Consortium will continue to own 52%, and McDonald’s will remain a minority partner while increasing its stake from 20% to 48% ownership.
“Our strategic partnership with CITIC and Carlyle has been extremely successful in growing McDonald’s presence in the region since it began. China is now our second largest market; we’ve doubled our restaurants to more than 5,500 since 2017,” said Chris Kempczinski, McDonald’s President and Chief Executive Officer. “We believe there is no better time to simplify our structure, given the tremendous opportunity to capture increased demand and further benefit from our fastest growing market’s long-term potential.”
The business has generated Systemwide sales growth of more than 30% in the market year-to-date since September 2019. Going forward, the partners will continue working together as the brand executes on its Accelerating the Arches growth strategy in the market, working to deliver on a commitment to develop and open new restaurants and foster deeper engagement with customers.
“We very much appreciate the strong partnership we have had with CITIC Capital and McDonald’s Corporation. Together, we transformed the business, accelerating its growth profile and revolutionizing its digital marketing and operational capabilities,” said X.D. Yang, Chairman of Carlyle Asia. “The business has always delivered outstanding results and we wish them every success on their next phase of growth.”
“As McDonald’s China’s controlling shareholder, we are thrilled by McDonald’s Corporation’s continued commitment to our long-term partnership and the China market,” said Yichen Zhang, Chairman and CEO of CITIC Capital and Chairman of McDonald’s China.” As we reach towards our goal of 10,000+ restaurants by 2028, we are more confident than ever in our ability to serve the Chinese consumer with McDonald’s iconic taste.”
The deal is contingent upon customary regulatory approvals and is expected to close in the first quarter of 2024.
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