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.
(Left to right) Ting Cai, chairman and CEO of China National Chemical Equipment, Frank Stieler, CEO of KraussMaffei Gruppe and Chen Junwei, CEO of ChemChina Finance.
(Left to right) Ting Cai, chairman and CEO of China National Chemical Equipment, Frank Stieler, CEO of KraussMaffei Gruppe and Chen Junwei, CEO of ChemChina Finance.
January 11, 2016

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.

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