Aria IV Funds, managed by CLSA Capital Partners has invested RMB 150 or $24.5 million in Coco Healthcare Products Co., Ltd, a Chinese producer of adult diapers.
ARIA IV Funds are private equity funds managed and advised by CLSA Capital Partners, which is the asset management arm of CLSA, Asia’s independent brokerage and investment group.Aria IV Funds, managed by CLSA Capital Partners has invested RMB 150 or $24.5 million in Coco Healthcare Products Co., Ltd, a Chinese producer of#
Based in Hangzhou, Coco is one of China’s fastest growing companies in the consumer goods sector and a market leader in adult diapers in both traditional retail and online e-commerce sales.
According to a CLSA Capital Partners press release, Coco brand products are distributed nationwide across China based on the combined notion of comfortable and considerate.
Coco is also China’s largest exporter of baby diapers, providing dedicated private label and OEM solutions to major regional and international customers.
Driven by powerful social and demographic forces and home to the world’s largest aging population, China’s adult incontinence market is projected to grow 15-20 per cent CAGR over the next five years.
MD of ARIA Funds, Miranda Tang said, “This is the first investment by ARIA IV in China and continues more than a decade of successful investing by ARIA Funds in leading consumer businesses in China and the region.”
Rapid urbanisation, better education and improved healthcare have enabled adult incontinence products to become one of the fastest growing categories in the FMCG segment in China.
“The recent landmark changes in China’s decades-long one-child policy will drive growth in baby diaper products,” CLSA Capital Partners observed.
The ARIA team aims to assist Coco in expanding its footprint in Asia, enhancing its brand and helping it to capture the exponential growth potential in this space.
Owner of Coco, Jin Liwei said, “CLSA Capital Partners brings immense value from their deep insights in the Chinese consumer market and regional network of pan-Asian contacts.”
“ARIA IV’s investment in Coco is recognition of the progress made by the Company to emerge as the market leader in the adult diapers category,” Liwei added.
Coco was founded more than a decade ago by Jin Liwei, a widely recognized and well-respected pioneer in China’s adult and baby diaper industry.
Coco’s first diaper production facilities were set up in 2001 and is one of China’s largest and fastest growing companies in the adult and baby diaper industry.
CLSA Capital Partners is the alternative asset-management arm of CLSA, Asia’s leading independent brokerage and investment group.
CLSA Capital Partners has approximately US$3 billion under management and offices across the region, including Hong Kong, Singapore and Tokyo. (AR)
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