By Deborah Kan and Maggie Lu Yueyang
HONG KONG, June 8 (Reuters) - U.S. private equity firm TPG Capital [TPG.UL] sees opportunities in China's clean tech sector and financial restructuring, its top dealmaker said in China.
"We will focus on new and emerging sectors, for instance, new tech, clean tech or health care," Mary Ma, partner and managing director at TPG said in an interview with Reuters Insider. "These are really high-growth and high potential sectors in China."
Although large buyout cases are rare in China, Ma still believes a lot of deal opportunities are likely to come out in a year or two, especially in the financial investment industry.
"I still believe that there is some sort of restructuring cases coming out, not only the SOE's (state owned enterprises, but also the private companies," she said.
Ma didn't confirm market talk that TPG is going to set up a RMB fund, but she said that "definitely with RMB fund we can see more opportunities".
TPG, which has been present in China for 15 years, will accelerate its localization in the country with some hiring plans, added Ma, who joined TPG three years ago from Lenovo (0992.HK: Quote, Profile, Research, Stock Buzz), the Chinese personal computer-maker.
In May, the private equity firm made a $2.4 billion profit, sixteen times its money on a six-year investment in a Chinese lender, Shenzhen Development Bank. (Reporting by Maggie Lu Yueyang; Editing by Anshuman Daga)
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