French PE firm plugs into China's priorities

Idinvest Partners, a French private equity fund, is seeking finance for certain companies in its portfolio that could have bright prospects in China.

The fund's move highlights a rising trend in the European PE space - that of tapping into the Chinese hunger for advanced technological know-how.

Ever since it shifted its economic focus to quality of growth, China has been big on the high-tech sector and environment-themed innovations.