TCG Announces Creation of New Cross-Border Investment Vehicle
TCG Press Release
June 16, 2014
LOS ANGELES - Transworld Capital Group (TCG) is proud to announce the formation TCG Investments, LP (TCGI), an investment vehicle aimed at investing in US companies and helping catalyze their success in China. TCGI is a partnership between Jack Z. Chen, TCG's Founder & CEO and Mr. Gong Hongjia, one of China's most prominent investors and entrepreneurs and China's 17th wealthiest person as ranked by Forbes in 2013.
TCGI will make investments in US companies with unique value creation potential in China and will actively participate in large cross-border growth initiatives with a focus on industries including but not limited to: Mobile internet, cleantech, healthcare innovation, consumer services, and media content creation and distribution platforms.
The vehicle's founding partners are able to leverage a vast network of relationships, resources, and expertise to help US companies capitalize on opportunities in China. Gong Hongjia, with a net worth of $4.3 billion, is considered one of China's top technology investors across angel, venture capital, and private equity stages. He is the largest shareholder in InnoValley, China's top mobile internet incubator, and is Vice Chairman and the largest individual shareholder of Hikvision, a global supplier of video surveillance products and systems listed on the Shenzhen Stock Exchange with current market capitalization over $12 billion.
Transworld Capital Group brings a nearly 20-year history of cross-border deal making, including its role in the $450 million acquisition of Nexteer Automotive in 2010 by Beijing-based Pacific Century motors, a deal that was hailed by the Wall Street Journal as “a landmark deal of the era” and to which TCG was a critical element as special advisor to the buyer. Additional successful projects by TCG in recent years have included forming a large-scale partnership between Irvine, CA-based CTC Global and Jiangsu Far East Group, China's largest cable company, to distribute the world's leading high-voltage electrical conductor in China and TCG's direct involvement at the board level in Hayward, California-based biotech company Magceutics, Inc., which it helped raise two successful financing rounds while expanding the company's business and bringing the company to revenue and profitability.
Mr. Gong remarked: "Jack has a great track record in cross-border investment and business operation, I am very pleased to partner with him."About Transworld Capital Group
Transworld Capital Group (TCG) provides cross-border strategic advisory and mergers and acquisition assistance to a diverse array of clients in the United States and across the Asia-Pacific Region. TCG also makes direct investments in select opportunities with unique cross-border value creation potential. With offices in Los Angeles, Shanghai and Hong Kong, we are uniquely positioned to help our clients and portfolio companies capitalize on opportunities which are not available in their home markets. TCG has set itself apart from other firms with an established track record of building industry-leading companies and completing several landmark transactions. More information can be found at www.transworldgroups.com.