Citic Private Equity, part of China’s top financial conglomerate, has held preliminary talks to buy a roughly €2bn controlling stake in Spain’s Imagina Group, a media company that distributes the country’s top football league internationally and has also backed films including Woody Allen’s Vicky Cristina Barcelona.
The discussions between the unit of the powerful state-backed group and Imagina have lasted several weeks and are the latest example of China’s appetite for sports and entertainment assets abroad.
CITIC Capital Holdings Limited (“CITIC Capital”) is an alternative investment management and advisory company. The firm manages USD7.9 billion of capital from a diverse group of international and Chinese investors. Core businesses include Private Equity, Real Estate, Structured Investment and Finance, Asset Management and Venture. CITIC Capital currently employs over 200 staff members throughout its offices in Hong Kong, Shanghai, Beijing, Shenzhen, Tokyo and New York.