Abu Dhabi’s BlueFive Capital partners with Chinese PE firm

Abu Dhabi’s BlueFive Capital partners with Chinese PE firm

Abu Dhabi-based BlueFive Capital is working with the private equity arm of CICC, sometimes referred to as China’s Goldman Sachs, to target Chinese companies in high-growth sectors. The two firms have formed a new fund to invest in companies working in advanced manufacturing, consumer goods, and green energy and help them expand in the Gulf, using the region as a manufacturing and distribution hub.BlueFive is also in talks to acquire $500 million…

BlueFive and CICC to launch fund supporting Chinese expansion into Middle East

BlueFive Capital, the Abu Dhabi-based investment firm, and CICC Capital, the private equity platform of China International Capital Corporation, are in discussions to establish a new fund aimed at supporting Chinese companies expanding into the Middle East, according to a report by Bloomberg. The two firms will negotiate terms on a non-exclusive basis, including fund structure, capital commitments, and investment mandate. The vehicle will target…