Fosun Group
Fosun, AXA sweeten buyout offer for Club Med, win board support
Chinese conglomerate Fosun International and Axa Private Equity have increased their takeover bid for France-based vacation resorts operator Club Méditerranée (Club Med). The new bid, worth EUR557 million ($729 million), has won favor with the company’s...
China’s Fosun supports Alibaba in logistics build-out
Chinese conglomerate Fosun International will contribute RMB500 million ($81.4 million) for a 10% interest in Alibaba Group’s nationwide logistics project. Known as the China Smart Logistics Network, the project is expected to receive up to RMB100 billion...
Fosun, Axa make $700m buyout offer for Club Med
Chinese conglomerate Fosun International and Axa private equity have submitted a friendly takeover bid for French-based vacation resorts operator Club Méditerranée (Club Med). It values the company at EUR556 million ($700 million).
China’s Fosun nears first close on $1b outbound fund
Fosun International is targeting $1 billion for its Chinese Momentum Fund that will invest in foreign companies seeking to expand in China, with a particular focus on Europe. The fund is approaching a first close in excess of $300 million, AVCJ has been...
Focus Media's PE-backed MBO clears final hurdle
Focus Media will be privatized next month after shareholders voted in favor of a private equity-backed management buyout that values the company at $3.7 billion. It is the largest buyout transaction ever completed in China.
Fosun Pharma, Pramerica-Fosun buy Israel’s Alma Lasers
Shanghai Fosun Pharmaaceutical, a subsidiary of China’s Fosun International, and the Pramerica-Fosun China Opportunity Fund, will be around $240 million to acquire up to 95.6% of Israel-based Alma Lasers.
Fosun, IFC set up Asia-focused reinsurer
Fosun International has teamed up with International Finance Corporation (IFC), the investment arm of the World Bank, to enter the Asia Pacific reinsurance market. The newly established operation, Peak Reinsurance Company (Peak Re), has been licensed...
Focus Media agrees to $3.7b PE-backed buyout
Chinese advertising company Focus Media has agreed to a $3.7 billion management buyout backed by a consortium of private equity firms. It is by some distance China’s largest-ever buyout transaction and is only surpassed in the broader private equity...
Fosun gets 20% stake in Taiwan bakery store
Fosun has invested NT$360 million ($12.3 million) to acquire a 20% stake in Taiwan’s Vigor Kobo, a bakery chain that produces traditional cakes and pastries. The deal is said to represent the first Chinese conglomerate's first foray into Taiwan’s...
IFC to anchor Fosun Pharma’s Hong Kong IPO
International Finance Corporation (IFC), the investment arm of the World Bank, is expected to anchor Shanghai Fosun Pharmaceutical’s Hong Kong IPO alongside Prudential Financial. The total cornerstone commitment is $75 million out of a targeted $600...
Fosun expresses support for Focus Media take-private
China's Fosun International, Focus Media’s second-largest shareholder, with a 17.2% stake, said the recent take-private proposal for the Shanghai-based advertising company by a private equity consortium is an attractive option for shareholders. Fosun’s...
Sinopharm Capital to launch $157m RMB fund
Sinopharm Capital, a subsidiary of drug distributing conglomerate Sinopharm, has launched an RMB1 billion ($157 million) fund that will invest in different segments of the healthcare industry.
Fosun forms strategic collaboration with Denmark's Axcel
Fosun International, the investment arm of Chinese conglomerate Fosun Group, has announced a strategic collaboration with Danish private equity fund Axcel, in a move to identify business opportunities in both China and Europe. The agreement is expected...
Q&A: Fosun Group's Xinjun Liang
Xinjun Liang, vice-chairman and CEO of Fosun Group, discusses the rationale for launching private equity funds, and the edge the company has over its competitors.
Chinese outbound strategies bet on home’s appeal
Chinese companies have been more ambitious in seeking offshore acquisitions of late, but private equity players remind companies that the best tactic is to act according to ability.
Fosun plans new fund to finance overseas investments
Fosun International, China's largest privately-owned investment conglomerate, is going to raise another dollar-denominated private equity fund this year to finance new acquisitions. The company will seek investment opportunities in Europe and Japan.
Fosun, Prudential announce insurance joint venture
Chinese financial conglomerate Fosun Group and Prudential Financial have announced their life insurance joint venture, the first such partnership between Chinese and foreign parties since 2008. Fosun and Prudential – known outside the US as Pramerica...