Deals
Chinese-Backed Buyout Firm Sours on U.S. After Trump Snubs Deal
- Canyon Bridge sees government links as a major benefit
- It recently bought U.K. chipmaker Imagination for $712 million
Photographer: Tomohiro Ohsumi/Bloomberg
This article is for subscribers only.
At a time when Chinese investors are going out of their way to play down government connections, one private equity fund is openly proud of its links to the state.
Canyon Bridge Capital Partners LLC sees its government backing as a unique selling point in deals, a way to show targets that it can hook up companies to customers in China. After being blocked by President Donald Trump on a deal, it’s now opening up to new investors as it backs small and medium-sized technology companies outside the country.