AIF Capital is pleased to announce the investment of US$33.5 million by AIF Capital Fund IV in China-based SRO Aramid (Jiangsu) Co., Ltd (“SRO”)., the third largest meta-aramid fiber manufacturer in the world.
Based in Jiangsu, SRO primarily engages in the production, distribution and sales of comprehensive meta-aramid products including white fiber, color fiber and meta-aramid paper which is widely used for filter materials, fire protection clothing, electrical insulation, aerospace use honeycomb and composite materials. The company’s products are sold both domestically and to overseas market including Southeast Asia, the U.S., and Europe.
About AIF Capital – AIF Capital is one of Asia’s long-standing independent private equity firms and is focused on mid-market growth opportunities in emerging Asia. The Firm has an established track record of over two decades in implementing a pan-regional strategy of identifying and growing companies as well as steering them through multiple major economic cycles.
Since its inception in 1994, AIF Capital has received investor commitments in excess of US$2.0 billion and provided capital for expansion and buy-outs through 44 investments in 10 Asian countries. Its team of 22 investment professionals across its offices in Hong Kong, Beijing, New Delhi and Singapore oversees a diversified pan-Asian portfolio of investments across various sectors. These include healthcare & pharmaceuticals, supply chain management, equipment leasing & logistics, consumer, bereavement care services, financial services and industrial manufacturing.
Limited partners in AIF Capital-managed funds include major corporate and government pension and investment funds, insurance companies, financial institutions, as well as multilateral agencies and family offices from North America, Australia, Asia, the Middle East and Europe.
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