YANGZHONG, JIANGSU PROVINCE, June 8, 2011 – Baird Capital Partners Asia (BCPA), the China-focused growth equity investment group of Baird Private Equity, announced today it invested in Jiangsu Xinghe Valve Co., an instrumentation valves and fittings company located in Jiangsu Province, China. Investor Growth Capital Asia was a co-investor on the transaction.
Xinghe Valve designs, produces and markets a range of instrumentation valves and fittings for oil and gas, petrochemical, nuclear power plants, waste water and other process control applications. The Company is one of the few local valve companies that are qualified to supply into the nuclear power industry.
“Xinghe, under the strong leadership of its founder and Chairman Mr. Kuang Xihe, has built a track record of growth and profitability and a well known domestic brand in the industry for its quality and reliability. We are very excited about the investment and the partnership with the Xinghe management and its shareholders. We look forward to working with Mr. Kuang and rest of the Xinghe management to accelerate its growth and expand its market leadership” said Huaming Gu, BCPA Partner.
“We are excited to have Baird Capital Partners Asia and Investor Growth Capital Asia as partners as we continue to expand our operations and provide high quality products and service to our customers,” said Mr Kuang Xihe, Chairman of Xinghe Valve. “Baird’s partnership approach, global relationships and operating resources make them an attractive investment partner for Chinese companies like Xinghe.”
Other companies in BCPA’s portfolio include Frontage Laboratories, Inc. and Beijing ADG Scaffolding Engineering Co.
About Baird Capital Partners Asia
Baird Capital Partners Asia, the China-focused growth equity investment group of Baird Private Equity, provides growth equity capital to smaller, high-potential companies in China or with substantial operations and growth opportunities in China. Baird Capital Partners Asia leverages its in-depth sector knowledge, experienced investment team and extensive operating resources to drive value in its portfolio companies. Baird Capital Partners Asia invests in three industry sectors: manufacturing, business services and healthcare. For more information, please visit http://www.bairdcapitalpartnersasia.com.
Baird Private Equity, the global private equity group of Robert W. Baird & Co. (Baird), makes venture capital, growth equity and buyout investments in smaller, high potential companies in the United States through Baird Venture Partners and Baird Capital Partners, in China through Baird Capital Partners Asia, and in Europe through Baird Capital Partners Europe. Baird Private Equity has a global team of investment and operations professionals across the United States, Europe and Asia, including a team of operating professionals in Asia. Baird Private Equity and its affiliates have raised and managed over $2.7 billion in capital and invested in more than 245 companies since the 1980s. For more information, please visit http://www.bairdprivateequity.com.
For more information, contact:
Huaming Gu, Partner
Baird Capital Partners Asia
+86 21 6182 0988
Angela Pittman Taylor
Baird Public Relations
414-298-1902
