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Business deals

Hong Kong's Jardine Matheson finds key Chinese private equity ally

Hillhouse Capital to join forces to find deals in greater China and ASEAN

Jardine and Hillhouse will work together to improve the performance of each side's existing portfolio companies. (Source photos: screenshots of Jardine Matheson and Hillhouse Capital websites)

HONG KONG -- Jardine Matheson Holdings, one of Hong Kong's original colonial trading houses, and Chinese private equity firm Hillhouse Capital, known for its investments in technology companies like Tencent Holdings and Uber Technologies, have agreed to join forces to find new deals in greater China and Southeast Asia.

"This is a very important partnership," said John Witt, Jardine's group managing director, on a call with investors on Friday.

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