UBP will enable access to European private equity for its mainland Chinese clients onshore following a new partnership with Idinvest Partners.
UBP Overseas Investment Management (Shanghai), a wholly foreign-owned unit, and pan-European private equity firm Idinvest Partners will establish a partnership, according to a statement.
This will enable onshore mainland access to private equity managed by Eurazeo subsidiary, Idinvest Partners, through the Qualified Domestic Limited Partnership (QDLP) scheme granted by Chinese authorities in May 2020.
Growth Strategy
Through the new tie-up, UBP’s onshore clients in China will have access to a strategy dedicated to financing the expansion of «well-established and fast-growing innovative European companies».
«[T]his unique collaboration adds tremendous value to our local clients seeking growth potential and innovative investment solutions,» said Nicolas Faller, UBP’s co-cEO asset management and head of institutional clients.
«This partnership with UBP represents an exciting new era for our activities in China, which is a key growth market,» added Christophe Bavière, senior managing partner and head of investment partners at Eurazeo. «Few companies have achieved this deal, and we are pleased to be joining forces and embarking on this new strategy with UBP, a leading firm in the field».
