CFI Group is strengthening its presence in China through the acquisition by CFI France of the Chinese subsidiary of B&A Investment Bankers. This partnership with a leader in M&A operations between France and China enhances CFI Group’s ability to support its international clients in cross-border strategic operations both within and outside China. This transaction also allows the network to significantly deepen expertise in key sectors, particularly in the industry, new mobility, renewable energy, and consumer sectors.
Co-founded by Cyril Benoit and Emmanuel Gros, B&A Investment Bankers has been present in China since 2012. Under the leadership of Emmanuel Gros, based in Shanghai, the bank has developed recognized expertise and a track record in international transactions, with a highly distinctive know-how in transactions related to China. B&A Investment Bankers has successfully completed significant operations for renowned clients such as Groupe Bel, Mars, FDJ, Pierre et Vacances, and Engie.
Jean-Marc Teurquetil, Chairman and Managing Partner of CFI Group, stated: “While observing new centers of economic development in Southeast Asia or India, I acknowledge that China remains absolutely essential. It represents a significant potential for our clients with the presence of powerful value chains, almost unparalleled port capacities in Asia, and a strong penetration of new technologies. The acquisition of B&A China is strategic for our group, positioning it in a unique way. The experience and local expertise of Emmanuel Gros and the teams he has assembled are a valuable asset that will accelerate our development in serving our clients.”
Cyril Benoit, co-founder and chairman of B&A Investment Bankers, stated: “We are pleased to transfer control of our Chinese activities to CFI, after eleven years of development and the completion of several emblematic transactions between France and China. I wish the teams the best of luck, and with particular emotion, I salute the co-founder of B&A Investment Bankers, Emmanuel Gros, who will continue to develop his strategic vision within this new association.”
Emmanuel Gros, co-founder of B&A Investment Bankers, stated: “After creating the leading French investment bank for M&A operations between France and China, joining the powerful network of CFI, which operates in 18 countries and is supported by over [300] investment bankers, will open a highly promising and motivating new chapter for B&A and its teams in China. With the reopening of China post-COVID, the timing of our partnership is ideal to capture the resurgence of transactional dynamism both in and out of the country. The positioning of our new alliance, which combines CFI’s global sector presence and our local dealmaking expertise, will be unique in China! Finally, I would like to thank Cyril for this wonderful entrepreneurial adventure and wish him good luck in his future projects.”
ABOUT DE B&A INVESTMENT BANKERS:
Benoit & Associés is an independent advisory bank specialized in cross-border mergers and acquisitions operations, founded in 2011 by Cyril Benoit. Operating transactions to the highest market standards, the teams at B&A support CAC 40 companies, high-performing SMEs, governments, investment funds, founders, and institutional and family shareholders in their mid and large-cap operations.