Beijing New Cooperation Supermarket Chain, a Chinese operator of convenience stores and supermarkets, has raised $40 million in private equity funding from My Decker Capital.
My Decker Capital has completed a USD $40 Million private equity investment in Beijing New Cooperation Supermarket Chain Company (NCSN). The investment was made by My Decker Capital China Fund I.
NCSN operates hypermarkets, supermarkets and convenience stores across China. My Decker Capital’s investment will allow NCSN to continue to
preparing for its IPO.
NCSN’s controlling shareholder is All China Federation of Supply and Marketing Cooperatives which is an Chinese government entity directly managed by the Chinese State Council. NCSN has an annual sales of over USD $500 Million and is a leading retail chain in China.
Zheng Song, Managing Director of My Decker Capital, states “The completion of this complex cross-border deal is a validation of the strategic investment opportunities in China and the ability of My Decker Capital to execute for the world’s leading international investors.”
About My Decker Capital
My Decker Capital (MDC) is a China-focused investment banking firm focused on serving Chinese and international companies as well as private and institutional investors. My Decker Capital is focused on three primary business segments: Fund Management, Financial Advisory and Capital Markets. My Decker Capital China Fund I is focused on primarily in retail and consumer products sectors in China.