China Shine, a Shanghai, China-based facility management service provider, received an investment from EQT Mid Market Asia.
No financial terms were disclosed but it is known that EQT Mid Market Asia acquired a 40% stake in the company from the current management shareholders.
The investment will support Shine’s continued growth and development of a broader service scope, as well as further geographical expansion, to become a national integrated facility management service platform.
EQT is partnering with the current management of Shine, which remains as majority shareholders and will continue to drive the growth strategy
Shine’s management team will, under the joint leadership of Jack Zhou, CEO and Chairman, Sally Wu, COO and Alan Pang, General Manager, continue to lead and drive growth and development of the Company.
Founded in 2016 in Shanghai, Shine offers general cleaning, support, building maintenance, security and integrated facility management services across China.
The company is on track to achieve annual sales of RMB 200 million (USD 30 million) in 2018.
FinSMEs
17/08/2018