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AIF Capital is pleased to announce that the Fund and another PE investor have agreed to sell control in X-FIPER to a strategic investor, Beijing Tongyizhong New Material Co., Ltd. Tongyizhong is a PRC company listed on the Shanghai Stock Exchange (SHSE: 688722). The sale marks the conclusion of a successful turnaround story following AIF Capital and another PE investor acquiring control in 2021.

Tongyizhong produces high-performance fibers and related composites that play a significant role in fields such as marine engineering, security protection, among others. With their investment in X-FIPER, Tongyizhong could expand and integrate their product offerings on protection solutions.

X-FIPER is a leading producer of aramid fibers and papers for the domestic and global markets. Aramid materials are important in a wide array of applications, including protective clothing, electronic insulation, aerospace, wind turbines and rail transportation.

AIF Capital, a Hong Kong headquartered pan-Asia focused middle market private equity firm, has closed a continuation fund transaction for AIF Capital Asia IV. 

AIF Capital’s 2012 vintage fund, AIF Capital Asia IV (“Fund IV”), today announced that it has successfully closed the transfer of its remaining seven portfolio companies across China, India and Southeast Asia to a continuation vehicle. 

Fund IV’s original term ended in 2022 and received two extensions prior to forming the continuation vehicle that will provide an additional four years to fully monetize the portfolio. 

The transaction was funded by dedicated secondary investors from Latin America, Europe and the US. The majority of existing investors opted for liquidity and those that chose to retain their investment will participate in the future value creation on similar terms as they had before.

Fairview Capital Group Ltd acted as financial advisor and Dechert LLP served as legal counsel to AIF Capital Asia IV.

Peter Amour, Managing Partner at AIF Capital, said: 
“We are pleased to provide liquidity to our selling investors that have been supportive for many years.  To those investors that remain invested in the portfolio, we look forward to maximizing their exit value in due course.  We are excited about the partnership with our new investors and for the future of AIF Capital.”

Sebastian Villa, Managing Partner at Riverville, said:
“The transaction reflects our strategy of partnering with managers with local expertise and diverse portfolios. This is our first investment in Asia and we are very comfortable working with such tenured partners as AIF and investors including Multiplicity and Mantra which make a truly global syndicate.”

X-FIPER was awarded the “Famous Brand in the Insulation Industry” by the 15th National Insulating Material and Insulation Technology Academic Conference.

AIF Capital is thrilled that Rochdale Spears Co. Ltd. received the recognition (reward) of Binh Duong Province for being a Best Businesses in Binh Duong, for complying with the law, FPF (Fire Prevention and Fighting), and environmental compliance.

AIF Capital is happy to announce that CMR has been awarded the prestigious certification of “Most Preferred Workplace for Women 2024-25” by Marksmen Daily Group. At CMR, almost 50% of workforce comprises of talented women. This honour highlights CMR’s dedication to creating a diverse, empowering, and equitable workplace where women are not only valued but can excel and lead.

AIF Capital is honoured to have received the highest ESG certification score from LGT Capital Partners for FY2023. Since 2016, AIF Capital has been given the highest rating (i.e. “Excellent”) for seven consecutive years by LGT Capital Partners

LGT Capital Partners conducts ESG assessments of general partners that measures their investment, ownership and reporting practices regarding ESG consideration. GPs are scored based on four areas of ESG practice, namely, manager commitment, investment process, ownership and reporting.

AIF Capital is proud to announce that its portfolio company, Aosheng, Asia’s largest carbon fiber composite player in the renewable energy space, has again successfully passed the qualification review of the specialized and sophisticated “Little Giant” enterprise by the Ministry of Industry and Information Technology. “Little Giants” typically specialize in niche sectors, command high market shares, and boast strong innovative capacity.

AIF Capital is proud to announce that its portfolio company, Aosheng, Asia’s largest carbon fibre composite player in the renewable energy space, has been awarded the “Vestas Supplier Award for Excellence”. This award, which is the second awarded to Aosheng this year from Vestas, highlights the high degree to which Aosheng’s products are held by its customers and is the result of tireless focus on quality since AIF’s initial investment in 2016.

CMR Green Technologies Limited has been awarded ESG certification “Great Place to Work®”. AIF Capital is proud of the commitment and dedication CMR management has shown in ensuring the company as a leader in the ESG space. This award follows the publishing of CMR’s first comprehensive sustainability report in 2021/22. This certification is recognized world over by employees and employers alike and is considered the ‘Gold Standard’ in identifying and recognizing great workplace cultures.

Rochdale Spears Co. Ltd. was presented with 2022 AmCham Vietnam ESG Impact Award, in recognition of the company’s ESG, community engagement and CSR initiatives. AmCham Vietnam ESG Impact Award program was launched in Oct 2022 in order to honour and recognize AmCham Vietnam members’ excellence in ESG initiatives and promote ESG awareness.