henry cai

Henry Cai's private equity fund is tapping Chinese and Asian demand for European small- and mid-caps with a technology focus and ambitions to expand into Asia, its MD says.

AGIC's €100m investment in Gimatic highlights Beijing’s aspirations to upgrade China's supply chain in the face of rising wages and increasing product complexity.

The veteran dealmaker tells FinanceAsia local expertise is key after his fund agrees to jointly buy German machinery maker KraussMaffei for $1 billion.

The veteran China dealmaker, nicknamed the grandfather of China's capital markets, may leave investment banking.

The move is accompanied by a number of senior corporate finance appointments, including Henry Cai as executive chairman and John Lydon as chief operating officer for Asia-Pacific.

Wei Cai, who joins from Morgan Stanley, and Zhao Ju, who is head of UBS Securities, will jointly fill the position left vacant when Henry Cai resigned to go to Deutsche Bank.

The former UBS banker is appointed chairman of corporate finance for Asia and head of the corporate and investment bank in China, and will effectively replace Lee Zhang as Deutsche's top investment banker in China.

Cai, who is chairman of Asia investment banking as well as head of investment banking for China, is said to be taking a break from the industry.