Henry Cai's AGIC makes first investment

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

Henry Cai's AGIC makes first investment

Working with local partners will help Chinese firms to make acquisitions in Germany more effectively, according to top China dealmaker Henry Cai, after his new investment fund teamed up with two state-owned enterprises to buy a leading German machinery maker for $1 billion.

China National Chemical Corp, better known as ChemChina, and linked up with Cai’s fund and Guoxin International Investment Corp. on Monday to seal a deal to acquire the KraussMaffei...

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