Partners Group acquires majority stake in China’s retail display firm BCR Group

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Global private markets investment manager Partners Group has acquired a majority stake in China’s retail display solution provider BCR Co Ltd (BCR Group), according to a press statement.

The PE firm has acquired BCR Group’s stake from its founder and CEO Hong Li, who will still own a minority stake after the transaction. However, the exact amount of stake, as well as the deal valuation, remain undisclosed.

Partners Group plans to focus on expanding BCR’s business, customer base and capacity as also enhancing and institutionalising the latter’s management team.

BCR Group is a full-service player in the retail display industry, managing the design, manufacture, and installation of clients’ display fixtures, mainly in the sportswear industry. The company, which was founded in 2008, also serves leading retail brands in the beauty, luxury, fashion, and home decoration sectors.

The company has grown from an original equipment manufacturer to a full-service company. Partners Group’s entry is considered as a strategic investment to help BCR Group into the next stage of growth, founder Hong Li said. Currently, BCR Group has around 600 employees and is serving more than 3,000 retail stores worldwide.

Partners Group manages around Euro80 billion ($91 billion) across private equity, private real estate, private infrastructure, and private debt.

In May 2018, Partners Group was reported to invest a total of A$700 million ($527.5 million) to develop a large-scale renewable energy platform in Australia.

In March 2019, Partners Group announced the acquisition of a majority stake in Dinghao Plaza, a large mix-used office and retail complex in Beijing.