PE firm Canyon Bridge shifting focus to Europe
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.