ADVISER TO JUSHI GROUP
Grand Avenue Capital was engaged by the Jushi Group of Tongxiang, China, to raise $US 110 million to fund its aggressive acquisition and expansion plans.
Jushi Group is one of the largest fiberglass producers in the world, and the largest, at the time, in Asia. The company has fiberglass production bases in Tongxiang, Zhejiang Province, Jiujiang, Jiangxi Province and Chengdu, Sichuan Province, respectively and one overseas base in Egypt. It also has overseas production and trading subsidiaries in South Africa, South Korea, Italy, Spain, France, Canada, India, Singapore, Japan, USA and Hong Kong.
After conducting a worldwide search for investors, Grand Avenue received, evaluated and made recommendations to the board of Jushi regarding offers from seven global private equity groups.
About Grand Avenue Capital Investment Bankers
Grand Avenue Capital is an investment banking firm focusing on middle-market merger / acquisitions (both buy-side and sell-side engagements), private placements of capital for growth opportunities, valuations and strategic investment advisory services in various industry sectors. Grand Avenue Capital's culture embraces teamwork, tenacity, perseverance and creativity to provide our domestic and international clients exceptional value, delivering skillful positioning and relentless execution. Grand Avenue Capital becomes a trusted adviser to its clients.
Based in Pasadena, California and Chicago, Illinois, Grand Avenue Capital augments its international capabilities through its active participation in One to One Corporate Finance, an exclusive global alliance of M&A advisory firms.