Zoyi Capital Invests US$20 Million in Camelot Information Systems (Asia)

Source: Zoyi Capital, Asian Venture Capital Journal  |  Author(s): Tim Burroughs

China- and Taiwan-focused investment firm Zoyi Capital has completed a US$20 million investment in NYSE-listed Camelot Information Systems, a provider of enterprise application services and financial industry technology services in China. Camelot intends to use the proceeds to fund part of the company’s planned take-private deal, as well as to cover fees and expenses incurred through the transaction. Company shareholders recently voted in favor of an offer from a group led by Yiming Ma, the company’s chairman and CEO, to buy all outstanding American depository shares, valuing the company at approximately US$95 million.