AIM’s China Private Equity Investment Holdings rebrands as Adamas Finance Asia


AIM-quoted China Private Equity Investment Holdings has rebranded as Adamas Finance Asia (AFA).

The renaming follows the completion of an agreement announced last December which sees control pass to Hong Kong-based asset management group Adamas Asset Management.

The agreement includes a seven-year $20m joint investment programme, initially to be funded by $5m of new capital to be raised by a placing.

Adamas has approximately $500m under management, and focuses on mezzanine investment. AMA’s strategy target SME’s needing capital in Asia, with a focus on Greater China. Transactions will be structured as senior debt, bridge loans, mezzanine finance and other types of structured private financing, with a targeted internal rate of return of 20 per cent per annum.

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