CDIB Capital International Corporation, the international private equity investment arm of China Development Financial Holdings Corporation, has closed on an investment in Smith-Cooper International, alongside strategic partner Blue Point Capital Partners. Formed in 1993, Smith-Cooper is a producer of pipe, valves and fittings to a wide range of customers and end markets.
CDIB Capital International Corporation (“CDIB Capital”), the international Private Equity investment arm of China Development Financial Holdings Corporation, has successfully closed on an investment in Smith-Cooper International, LLC (“Smith-Cooper”), alongside strategic partner Blue Point Capital Partners.
Formed in 1993, Smith-Cooper (www.smithcooper.com) is a leading designer, producer, importer and value-added distributor of high quality pipe, valves and fittings to a wide range of customers and end markets. Smith-Cooper offers over 22,000 SKUs and serves more than 2,500 customers globally in a broad range of end markets including commercial and industrial, energy, chemical and petrochemical refining, and fire protection, among others. The Company is headquartered near Los Angeles in Commerce, CA. It sources its products from a deep network of manufacturing partners primarily in China and Taiwan as well as in other geographies across Asia-Pacific.
“We are very excited to work with Smith-Cooper’s talented management team to continue the Company’s impressive track record”, said Lionel de Saint-Exupery, President and CEO of CDIB Capital. “Going forward, our US and China teams led by Nan Zheng and Victor Gao, respectively, will work closely together with Smith-Cooper and Blue Point Capital to bring strategic and operational value add, with a focus on sourcing efficiencies in Asia.”
Victor Gao, Managing Director and head of CDIB Capital’s Shanghai office, will sit on Smith-Cooper’s Board of Directors.
About CDIB Capital
CDIB Capital is a leading Asian private equity investor focused on middle market growth capital transactions, with a sectorial bias for consumer/retail, media/technology, value added manufacturing and financial/business services. It is an affiliate of China Development Financial Holding Corporation, one of the oldest and largest merchant banking groups in Greater China with over US$17bn in assets.
CDIB Capital is headquartered in Hong Kong, with principal offices in Shanghai, Taiwan, Seoul and San Francisco.