DANVILLE, Calif., Feb. 8, 2011 (GLOBE NEWSWIRE) -- S3Investment Company, Inc. (Pink Sheets:SIVC) and its wholly owned Redwood Group International subsidiary today announced that the Redwood Asia Fund, LP has signed a government matching fund agreement with the Shanxi Venture Capital Fund of Fund Co., Ltd. Under terms of the co-investment agreement, the Shanxi Venture Capital Fund will invest in the Redwood Asia Fund LP at a rate of 33.3% up to US$25 million.
The Redwood Asia Fund, LP is a private equity fund formed to facilitate faster capital response to the financing needs of clients of the company's Redwood Capital subsidiary, which assists private Asian companies through the process of accessing capital markets through Alternative Public Offerings (APOs) and financing transactions.
S3 Investment Company Chairman and CEO Jim Bickel commented, "Matching fund agreements provide the Redwood Asia Fund with a larger pool of potential investment capital, and, as a result, the possibility of funding additional deals. As China continues to develop as a strong global economic player, we believe the Fund will be a very attractive vehicle for investors as well as serving as a critical investment resource for Redwood Capital client companies."
The Redwood Asia Fund, LP is a growth capital, draw down, private equity fund focused primarily on the opportunities in the greater China region, including Mongolia. The fund plans to engage high growth, small and medium enterprises (SMEs) for investment. These SMEs must meet certain existing growth criteria through rapid organic growth or defined strategic acquisitions and the potential to becoming a public company through either an Initial Public Offering (IPO) or Alternative Public Offering (APO). These parameters generally include an exceptional growth record, potential for commanding a leading market share in their business, experienced top level management, auditable financials, and catalyst for future growth. The principal areas of interest are: agriculture, building products, business services, energy, technology/media, consumer products, environmental services, education, food and beverage, waste and recycling, and water and water services.
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About S3 Investment Company, Inc.
S3 Investment Company, Inc. (http://www.redwoodgroupint.com ) and its Redwood Group International subsidiary are focused on facilitating the success of its subsidiaries operating in the China market, including Redwood Capital, Inc. Redwood Capital assists private companies in Asia through the process of accessing capital markets through Alternative Public Offerings (APOs) transactions. The company has participated in transactions for clients which are now listed on exchanges including the U.S. Over-the-Counter Bulletin Board (OTCBB) market and Canada's Toronto Stock Exchange (TSX) and has a pending client transaction on the Australian Stock Exchange. For more information, please visit http://www.redwoodcapinc.com. The Redwood Asia Fund, LP is a private equity fund formed to facilitate faster capital response to the financing needs of Redwood Capital clients. Redwood Medical, Inc. assists companies seeking to import and distribute Western medical technologies and products into the China market.
Any statements contained herein related to future events are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on forward-looking statements. S3 Investment Company, Inc. undertakes no obligation to update any such statements to reflect actual events.