CDH Investments leads $20m financing as $2bn fundraising end looms


popcorn2Chinese private equity firm CDH Investments has led a $20m Series C financing round for movie ticket booking website as it nears a final close for its fifth fund.

The firm previously invested $10m in Gewara two years ago alongside Shanda Capital, which had parted with $2m for the company’s Series A round in 2010.

Shanghai-based Gewara sells tickets for movies, gigs and other events across more than 20 Chinese cities.

In September it emerged CDH was just months away from its $2bn target for its fifth fund thanks to investment from new LPs in Asia and the US.

The fund will target investments in both growth equity and buyout deals in healthcare, consumer and financial services sectors.

CDH invests across private equity, venture capital, real estate and public equity markets, with $7bn under management and $4bn in private equity alone.

AltAssets recently reported that the firm had raised $31.5m towards its latest venture capital-focused vehiclewith CDH expecting to raise between $300m and $350m.

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