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PE firm Canyon Bridge shifting focus to Europe

By Li Xiang | China Daily | Updated: 2018-02-09 08:53

Canyon Bridge Capital Partners LLC, a Chinese-backed private equity fund known for being blocked by the Trump administration from buying a US chipmaker, has shifted its attention to Europe and is set to complete a new investment in a major European technology company in the coming months.

The fund, with a focus on the semiconductor industry, is actively pursuing investment opportunities in Europe, where conditions are seen to be more open and welcome toward private equity capital, said Raymond Bingham, co-founder and partner of the California-based investment firm.

The targeted European company is a supplier in the semiconductor sector and it also provides software to other industries, according to Bingham, who would not disclose further details about the deal.

PE firm Canyon Bridge shifting focus to Europe

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