China

UBP Partners with Idinvest-Eurazeo to Offer Chinese Investors Access to Private Equity

Union Bancaire Privée, UBP SA (UBP) has announced a partnership between its wholly foreign-owned enterprise (WFOE), UBP Overseas Investment Management (Shanghai) and Idinvest Partners, a leading pan-European private equity firm and a subsidiary of a global investment company Eurazeo.

This partnership, which took place under the Qualified Domestic Limited Partnership (QDLP) scheme granted to UBP in May 2020, will give onshore Chinese investors exposure to a private equity strategy managed by Idinvest Partners in Europe, UBP said in a press release. The strategy is dedicated to finance the expansion of well-established and fast-growing innovative European companies, reports the firm.

Nicolas Faller, Co-CEO Asset Management and Head of Institutional Clients, UBP, said: “We are excited to be partnering with Idinvest. Drawing on UBP’s strong expertise in financial engineering and Idinvest’s successful private equity track record, this unique collaboration adds tremendous value to our local clients seeking growth potential and innovative investment solutions.”

Christophe Bavière, Senior Managing Partner and Head of Investment Partners, Eurazeo, said: “This partnership with UBP represents an exciting new era for our activities in China, which is a key growth market. This will allow local investors wishing to diversify their portfolios to do so with the joint expertise of Eurazeo and UBP’s teams. Few companies have achieved this deal, and we are pleased to be joining forces and embarking on this new strategy with UBP, a leading firm in the field.”

UBP China was set up on 31 December 2014 as a joint venture between a group of experienced investment professionals and UBP. With registered capital of RMB30 million (USD4.9 million), UBP China is a company incorporated with limited liability in China, and was registered as a private investment fund manager with the Asset Management Association of China (AMAC) in 2015.