H&Q Eyes Greater China Investments

TAIPEI (Reuters) – Private equity firm H&Q Asia Pacific said on Tuesday it was looking at investment opportunities in Greater China on hopes it would recover faster from the global economic downturn than elsewhere in the world.

H&Q Asia Pacific, which had about $2.6 billion in assets, was optimistic about firms related to green energy, automobiles and machinery, founder Hsu Ta-lin told reporters.

“If there is a bright spot, that’s Greater China,” Hsu said. “After the global financial crisis, we are seriously looking at green energy, auto and machinery companies.”

He declined to elaborate further, only saying that the Palo Alto, California-based firm had invested more than $1 billion in Greater China over the last few years.

The company’s portfolio included Starbucks (SBUX.O) Beijing, Acer (2353.TW) and contract chip makers Taiwan Semiconductor Manufacturing Co (2330.TW) (TSM.N) and Semiconductor Manufacturing International Corp (0981.HK), its website said.

($1=T$32.9) (Reporting by Faith Hung, Editing by Jacqueline Wong)