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CVC opens Beijing office, appoints Zhu Wei managing director08/07/2008. Source: AltAssets. 
 CVC Capital Partners has established an office in Beijing, to be headed by Zhu Wei, who has joined the firm as a managing director.
Zhu joins from Goldman Sachs where he was a managing director of the China investment banking team and headed the investment banking coverage in Shanghai. He will add to CVC's senior team for China, which includes Francis Leung, Alvin Lam and William Ho.
Ho said, 'China continues to be a highly attractive market for CVC and we are committed to China as a long-term and trusted investor. CVC is excited to expand its presence in China with the new Beijing office. We are extremely pleased to have Zhu Wei join our team and we look forward to working with him to build on CVC's success in China.'
CVC manages approximately $46bn in private equity funds. Recent deals in Greater China have included MDF manufacturer Plantation Timber Products, plastic bottle business Zhuhai Zhongfu, laminate flooring company Asia Dekor, window blind business Nien Made and printing and packaging company Hung Hing (pending completion).
CVC recently closed its latest buy-out fund for Asia, CVC Capital Partners Asia Pacific III, on $4.1bn. To date the fund is 20.7 per cent committed.
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