Thy Capital received the 'Best Venture Capital Deal' award for facilitating a $1.5 billion financing round for Chehaoduo Group, marking a significant milestone in China's private equity landscape.

Target Information

Thy Capital, a prominent financial advisory firm, recently achieved significant recognition by receiving the 'Best Venture Capital Deal' award from FinanceAsia as part of the 2019 Finance Achievement Awards. This award was granted in recognition of Thy Capital's exceptional role in facilitating a $1.5 billion Series D financing round for Chehaoduo Group, the parent company of Guazi Used Cars and Maodou New Cars. This transaction is notable as it represents the largest private equity financing event in China for the year 2019, showcasing Thy Capital's capability in executing high-stakes financial deals.

The FinanceAsia Achievement Awards are highly regarded across the Asia-Pacific region, created to honor the financial institutions, banks, and investment banks that have demonstrated outstanding performance and completed significant transactions over the past year. Other notable recipients of this year's awards included Goldman Sachs, Morgan Stanley, Credit Suisse, and Citibank, highlighting the competitive landscape of financial services in Asia.

Industry Overview in China

In 2019, the private equity financing landscape in China underwent various transformations, with a marked increase in initiatives aimed at innovation and technology. The country's approach to venture capital is becoming increasingly sophisticated, driven by the