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Investcorp completes first control buyout in China   

By Pramod Kumar
Investcorp
Hazem Ben-Gacem, co-CEO of Investcorp, says the shift to a low-carbon economy will create new industries and value chains in coming years

Bahrain’s alternative investment firm Investcorp has acquired a controlling stake in Shandong Jianuo Electronics Co. Ltd. (Jianuo), a Chinese renewable energy critical components manufacturer. 

Operating out of the Shandong province and China’s Greater Bay area, Jianuo produces specialty premium components used in 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-CEO 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.”

The acquisition is Investcorp‘s first control buyout in China, he added.

The total investment value was not disclosed.

 In April, Investcorp acquired a majority stake in Shearer Supply, a US-based heating, ventilation and air conditioning equipment distributor, to drive its organic growth and further expansion.

The company manages $50 billion in assets, including assets managed by third party managers.  

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