Baring Asia Announces Investment in Noah Technology Holdings Limited.HONG KONG Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. -- Baring Private Equity Partners Asia ("Baring Asia") today announced that it has invested $15 million in Noah Technology Holdings Limited ("Noah"). Headquartered in Shenzhen, China, and founded in 1999, Noah develops, manufactures, and distributes electronic educational products to domestic Chinese consumers. In 2003, its electronic dictionary Noun 1. electronic dictionary - a machine-readable version of a standard dictionary; organized alphabetically machine readable dictionary, MRD lexical database - a database of information about words products were ranked second in China with a 22% market share. Mr. Jean Eric Salata, Managing Partner of Baring Asia, said: "Noah is an investment in a dynamic growth sector. The sheer number of primary and secondary students in China (125 million and 91 million, respectively) makes the educational products market very attractive from an investment standpoint. The recent initiatives by the Chinese government Ever since Republic of China founded in January 1st, 1912, China has had several regional and national governments. List
About Baring Asia The Baring Asia Private Equity Fund II and the Baring Asia Private Equity Fund are funds managed by Baring Private Equity Asia. Baring Asia has over US$560 million in capital committed to investment in Asia. Baring Asia specialises in providing expansion capital to rapidly growing middle market companies in Asia Pacific that require capital for expansion, recapitalisation or founders' liquidity. Baring Asia has offices in Hong Kong, Singapore, Shanghai, Delhi, and San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden and has 20 investment professionals on its investment team. www.bpepasia.com About Baring Private Equity International Founded in 1984, Baring Private Equity International is a leading international private equity asset manager. The firm invests in every major market outside of the USA via six regional fund groups with local investment teams in Western and Central Europe Central Europe is the region lying between the variously and vaguely defined areas of Eastern and Western Europe. In addition, Northern, Southern and Southeastern Europe may variously delimit or overlap into Central Europe. , Asia, India, Latin America and Russia. With more than $2 billion in funds under management, Baring Private Equity International has one of the most extensive on-the-ground networks of any international private equity provider. Its superior global reach provides the resources and investment expertise to help entrepreneurs around the world build world-class businesses. Baring Private Equity International is currently finalising an agreed MBO MBO See: Management buyout from parent company, ING Group. Under the terms of the agreement, the Partners managing the regional funds have acquired ownership of their respective management companies, all of which will continue to use the Baring Private Equity brand. www.bpep.com |
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