The Creat Group is a Chinese investment firm based in
Beijing
}
Beijing ( ; ; ), alternatively romanized as Peking ( ), is the capital of the People's Republic of China. It is the center of power and development of the country. Beijing is the world's most populous national capital city, with over 21 ...
incorporated in 1992. It has expertise in the plasma industry and invests in healthcare and pharmaceuticals, manufacturing, energy, finance, natural resources, and real estate.
It bought
Bio Products Laboratory
The Bio Products Laboratory (BPL) is a company involved in the manufacture of human blood plasma products, located in Elstree in the United Kingdom. It is run as a commercial business and supplies plasma derived products to the National Health S ...
from
Bain Capital in May 2016 for £820 million. In 2017 it took over Biotest, the German
blood plasma
Blood plasma is a light amber-colored liquid component of blood in which blood cells are absent, but contains proteins and other constituents of whole blood in suspension. It makes up about 55% of the body's total blood volume. It is the intra ...
products maker. It holds a stake in Shanghai RAAS Blood Products.
The company obtains blood plasma from patients in the US and uses it to derive treatments in labs in
Elstree
Elstree is a large village in the Hertsmere borough of Hertfordshire, England. It is about northwest of central London on the former A5 road, that follows the course of Watling Street. In 2011, its population was 5,110. It forms part of the ...
.
Iain Duncan Smith
Sir George Iain Duncan Smith (born George Ian Duncan Smith; 9 April 1954), often referred to by his initials IDS, is a British politician who served as Leader of the Conservative Party and Leader of the Opposition from 2001 to 2003. He was S ...
referenced the company in 2020 when he complained about "the insertion of Chinese influence in all sorts of areas". BPL issued a statement saying “Since the acquisition, Creat has invested over £100 million in enhancing processes, talent and equipment to support the development of BPL Ltd into one of the world’s leading suppliers of plasma-derived therapies.”
Weblinks
Officia
Webpage
References
{{reflist
Private equity firms of China
Companies based in Beijing