The firm made the investment alongside its US strategic partner Blue Point Capital Partners, a lower mid-market buyout house with more than $800m under management.
Financial terms of the deal were not disclosed.
Smith Cooper sells more than 22,000 products to customers in areas such as commercial and industrial, energy, chemical and petrochemical refining, and fire protection.
CDIB Capital president and CEO Lionel de Saint-Exupery said, “Our US and China teams, led by Nan Zheng and Victor Gao respectively, will work closely together with Smith-Cooper and Blue Point Capital to bring strategic and operational value add, with a focus on sourcing efficiencies in Asia.”
Gao, who is managing director and head of CDIB’s Shanghai office, will sit on Smith-Cooper’s board of directors following the deal.
CDIB focuses on mid-market growth capital deals in the consumer, media and technology, manufacturing and business services sectors.
Its parent company CDF is one of the oldest and largest merchant banks in greater China, with more than $17bn of assets under management.
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