August 28, 2011

China Daily: Terra Firma lands in China

One of Europe's largest private equity companies is set to enter the Chinese market.

Terra Firma Capital Partners Ltd, which is based in London and manages $30 billion of assets, received regulatory approval from the Chinese authorities earlier this month to open an office in Beijing.

The company, which is chaired by Guy Hands, one of the best-known figures in the private equity industry, is looking to make major investments in China, particularly in sectors such as social housing, agriculture and new energy.

Shi Bo, who will head the operations in Beijing as chief representative, said the company is looking for major investments between 300 million euros ($443 million) and 500 million euros.