An asset management firm co-founded by Hong Kong billionaire Adrian Cheng is merging with a Swiss small and mid-cap equities specialist.
The board of directors of Swiss-listed small and mid-cap equities investment firm Youngtimers has approved an offer to purchase 100 percent interest in Luxembourg-domiciled C Capital Acquisition Corp, according to a statement, subject to corporate and regulatory approvals.
C Capital Acquisition Corp will include 100 percent of the C Capital investment business, currently headquartered and operated in Hong Kong. The firm has backed high-growth companies in Asia including Shein, NIO, XPeng, Lalamove, Sensetime, Agile Robots and CASETiFY. It was originally co-founded by Adrian Cheng, a Hong Kong billionaire and heir to jewelry giant Chow Tai Fook.
Upon approval and completion of the transaction, C Capital Acquisition Corp will also include 100 percent ownership interest in JAKOTA Index Portfolios, a New York and Tokyo-based innovative index licensing and investment firm covering Japan, Korea and Taiwan (JAKOTA) capital markets.
Renaming, Appointment
Upon approval and completion of the transaction, Youngtimers will be renamed into C Capital with Cheng assuming the role of the group’s non-executive chairman. The firm will remain headquartered in Switzerland and focus on investments in private equity and small/mid-cap listed equities in the more developed economies of East Asia and selectively in Europe.
«Given the growing international appetite for increased capital allocation to JAKOTA markets and tremendous amount of investment opportunities in Hong Kong, bringing C Capital and its formidable access to investment opportunities in Asia closer to European investors make a great deal of strategic sense to us,» Cheng commented.
