Centurium Capital Releases 2023 ESG Report for the Third Consecutive Year
Centurium Capital (“Centurium”) released its 2023 Environmental, Social, and Governance (ESG) Report today, underscoring the firm’s continuous commitment to ESG disclosure. Since Centurium adopted its full ESG Policy in 2020, ESG has become an integral part of Centurium’s investment process, daily operations and development strategy. The 2023 ESG Report provides a comprehensive overview of Centurium’s established ESG framework, as well as analyses of ESG best practices at its portfolio companies. Through presenting key ESG-related data from 2023 and portfolio case studies, the report showcases the ESG journey of Centurium in the past year. David Li, Chairman and CEO of Centurium Capital, pointed out in the report that ESG is the cornerstone to build a long-lasting firm and brand. In today’s challenging environment, Centurium’s unwavering dedication to its ESG strategy remains even more crucial to drive its investments and portfolio companies to create value for employees, investors and broader society. Centurium became a signatory to the PRI in January 2022. Integrating globally-recognized ESG principles and regulatory requirements, Centurium’s ESG Committee guides and oversees the execution of ESG-related initiatives. ESG-related risks are included in pre-investment screening and due diligence processes, and the ESG findings form the foundation of the post-investment ESG management...
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Luckin Coffee’s Green Coffee Bean Processing Plant starts trial operation in Yunnan, aiming to make world-class coffee beans
Luckin Coffee recently announced the trial operation of its first green coffee bean processing plant in Baoshan City, Yunnan Province. This facility will help Luckin Coffee further optimize and improve its high-quality supply chain, strengthen its ability to control the quality of coffee beans throughout the entire production process in an effort to introduce high-quality products and experiences to its customers. Luckin Coffee's Green Coffee Bean Processing Plant is located in Mang’ai Village, Longyang District, Baoshan City. By introducing the imported micro-water fresh fruit processing production lines from Brazil and Colombia, this Plant has world-class technology in coffee fruit processing with an annual processing capacity of up to 5,000 tons. Meanwhile, this Plant employs cutting-edge environmental-friendly treatment techniques, including self-heating, multi-effect MVR evaporative concentration water treatment technology in the water-washing process for green coffee beans, to achieve zero industrial wastewater discharge; and air-source heat pumps in the drying process of coffee beans, to significantly reduce exhaust emissions thereby integrating sustainable production principles throughout various production stages. Also, Luckin Coffee plans to establish a training center and an operational center in this Green Coffee Bean Processing Plant, providing training lessons related to coffee planting and processing-related knowledge for Luckin Coffee’s employees...
202403-15 -
Taibang Biologic Group Secures Equity Raising of US$300 Million
Taibang Biologic Group (previously listed as China Biologic Products Holdings, Inc. on the Nasdaq under the trading symbol “CBPO”) (the “Group”) entered into definitive transaction documents for equity raising of US$300 million with a group of investors led by Platinum Orchid, a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA), and GIC. China Life and Cinda Kunpeng are participating in this financing round as co-investors. This is Taibang Biologic Group’s first equity financing transaction since the completion of its privatization in April 2021 by a consortium led by Centurium Capital. The Group has received strong interests from top-tier international and domestic investors, which reflects the capital markets’ high recognition of the Group's ability to deliver clinical benefits to patients and create value for shareholders. This round of financing will further optimize the Group’s capital structure, which will help solidify its leading position in the domestic market and attract more stable and extensive resources to support the expansion of plasma stations and the research and development of new products, thereby allowing the Group to achieve more rapid and sustainable growth in the China market. Founded in 2002, the Group is a leading Chinese biopharmaceutical company that provides a comprehensive range...
202208-02 -
Centurium Capital Leads Investment in NTX™ in Latest US$200 Million C2 Round
Shanghai/Singapore, August 1, 2022 -- NTX™, a global textile technology leader, announced today the completion of nearly US$200 million in a C2 round of financing led by Centurium Capital, with additional contributions from existing shareholder NRL Capital. The funds will be used to accelerate growth and fund operational needs to meet the rapidly rising demand of the expanding customer base. The funding was secured after the company successfully became a preferred supplier to global international brands such as Adidas. The company also demonstrated continued expansion of its textile manufacturing ecosystem developed around the waterless coloration technology - NTX™ Cooltrans™, with over 100 patents secured. Headquartered in Shanghai, NTX™ aims to revolutionize the textile industry by introducing NTX™ Cooltrans™, a breakthrough waterless dyeing & printing system that delivers up to 90% in water savings, alongside a dramatic reduction in energy usage and the near elimination of water waste. With NTX™ Cooltrans™ as a foundation, the company has established a Southeast Asia-based ecosystem of textile processing plants to become the next generation sustainable, eco-friendly supply chain partner for the world’s biggest fashion and apparel brands. Kalvin Chung, Chairman and Co-founder of NTX™ commented, “We welcome the latest round of funding and we’re...
202208-01 -
Centurium Capital Advances Significantly in the Latest PEI 300 Ranking
June 8, 2022, Beijing – Centurium Capital was ranked 139th place in the latest 2022 PEI 300 ranking, advancing over 100 places compared with the previous year’s ranking, as released recently by Private Equity International. The ranking marks the total size of funds raised in the last five years as of March 31, 2022 and is regarded one of the most recognized global rankings in the industry. Over 35 China-headquartered private equity firms secured rankings in the PEI 300 list, which is said to have examined thousands of PE and VC firms in the Americas, Europe and Asia. Centurium Capital raised over US$4.2 billion for its USD and RMB funds since 2018, ranking the 10th among all China firms in the 2022 PEI 300 list. Centurium Capital is a leading private equity investment firm in China focused on investing in consumer, healthcare, business services, and technology sectors. The Firm was founded in 2017, with the vision of creating a best-in-class private equity firm in China, grounded on a combination of international private equity investing best practices and China market local expertise. Centurium Capital has invested in more than 30 companies in China through its multiple RMB and USD funds, and...
202206-08 -
ANE Releases 2021 ESG Report
June 6, 2022, Shanghai -- ANE Inc. (9956.HK), a portfolio company of Centurium Capital and a leading less-than-truckload (LTL) logistics service provider in China, released its 2021 ESG Report on May 31, highlighting its ESG commitments and efforts in green operation, efficiency improvement, supply chain management and employment management in 2021. Jeff Wang, Chairman of ANE, commented, “We are highly aware of the importance of Environment, Social and Governance (ESG) while developing our business. It is our corporate responsibility as an industry leader to integrate ESG into the Company’s daily operations and management philosophy.” Michael Chen, Managing Director of Centurium Capital and a non-executive director of ANE, serves as the chairman of ANE’s ESG Committee. The committee was set up under the Board of Directors since the company’s IPO, forming a three-layer ESG governance structure which comprises the Board of Directors, the ESG committee, and the ESG work group. The concept of sustainable development is implemented in an all-round, multi-angle manner, launching a new chapter in ANE’s ESG governance. As a leader in the less-than truckload (LTL) express freight industry, ANE operates one of the largest self-operated truck fleet in China’s LTL industry with over 4,000 high-capacity trucks and 4,600...
202206-06
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