Hony Capital
Hony Capital raises $4b for new USD, RMB funds
Beijing-based Hony Capital, one of China’s largest private equity firms, has raised close to $4 billion from investors for two separate vehicles, both double the size of their respective predecessors.
J.P. Morgan gets green light for $1b RMB fund
J.P. Morgan Asset Management has reportedly won approval from the Beijing government to launch a $1 billion renminbi-denominated fund.
Hony plans $2.4b USD fund - report
Hony Capital has reportedly targeted up to $2.6 billion for its latest private equity fund, touted as the biggest US dollar fund raised by a China-based fund.
Hony makes first QFLP investment
Hony Capital has made the first investment under Shanghai's Qualified Foreign Limited Partner (QFLP) program. The firm has reportedly agreed to invest in Shijiazhuang Hongray Group, a disposable gloves manufacturer. Financial details were not given.
New China Life targets $4b IPO
New China Life Insurance, which is part-owned by several private equity interests, plans to raise up to $4 billion through a dual IPO in Hong Kong and Shanghai.
Hony invests $100m in Chinese glass maker
Hony Capital has agreed to pay $100 million for a 60% stake in China Yaohua Glass Group, as part of its ongoing role in consolidating the glass-making industry.
Hony makes first foray into Japan
Hony Capital secured two significant firsts with its purchase of a 20% stake in Tokyo-listed hotel chain operator and real estate business Tokai Kanko for JPY1.4 billion ($17.8 million).
Hony takes 20% stake in Japan's Tokai Kanko
China-based Hony Capital has taken a 20% stake in hotel chain operator and real estate investor Tokai Kanko for approximately JPY1.4 billion ($17.8 million).
Baidu's Qiyi.com to get $300m from private equity
Baidu’s is reportedly seeking $300 million in private equity funding for its online video asset Qiyi.com in an effort to bolster the site’s positioning in China’s competitive online video segment.
American LPs and Asia GPs: A meeting of minds
It goes without saying that LPs are interested in Asia. But where do they – and the GPs who put their capital to work – see the best returns?
NSSF reaches out to private equity firms
The National Council for Social Security Fund (NSSF), China’s state pension fund and best-known LP, is reaching out to private equity firms as it seeks to ramp up investments. It recently signed an agreement with one PE firm, is conducting due diligence...
Hony Capital participates in Suning private placement
Hony Capital will invest RMB1.2 billion ($185 million) in Suning Appliance, a leading Chinese consumer electronics retailer, as part of a private placement worth up to RMB5.5 billion ($850 million). The private equity firm has agreed to subscribe to 97.56...
Hony Capital seeks to take foreign tech firms into China
Hony Capital wants to take US and European technology companies into China, exposing them to new markets and adding value to their business, according to John Zhao, the private equity firm’s CEO and managing partner
Riches lie in China’s restructuring
Despite the distortions created by recent private equity euphoria in China, the industry can play a crucial role in taking consumers and companies to the next level
Make space in your diary...
I am pleased to announce the official launch of our AVCJ Asian Private Equity & Venture Forum 2011 and this year’s conference rocks. I am obviously biased but our roster of speakers simply speaks for itself.
Hony Capital buys $36m stake in Chinasoft International
Hony Capital has agreed to purchase a $36 million stake in Chinasoft International, an IT application developer. The deal will see Hony recommend Chinasoft as an IT services provider to its portfolio companies.
China’s LP problem
A shortage of qualified investment partners is hindering foreign PE firms’ efforts to raise renminbi funds
The Winners Circle: 2011 AVCJ China Awards
Last Friday, at the closing luncheon of our highly successful AVCJ Private Equity & Venture Forum/China conference, we gave out our first ever dedicated awards focused on private equity and venture capital activity across China. Excited by the positive...
Opportunities in cross border deals says John Zhao
In his keynote speech at the Asian Private Equity & Venture Forum in Beijing today, John Zhao, CEO of Hony Capital, shared his views on the Chinese private equity market. Zhao saw opportunities for private equity investors in cross-border deals. "Many...
Rising pressures in Chinese private equity
IN THE PAST FEW YEARS, PRIVATE equity and venture capital firms have already established the industry as a credible source of financing for Chinese companies in need of capital. With the recent IPOs of Chinese entities, in particularly NASDAQ (that have...
Private equity in China’s insurance sector
The growth of the insurance sector in China has rocketed in recent years with the potential still remaining tremendous and private equity has been in the center of this rise. And it has been a profitable relationship for GPs that are able to take stakes...
New China Life plans IPO
Private equity-backed New China Life is the latest financial behemoth in the PRC to eye a public debut, targeting an up-to $4 billion raise via a duel listing on the Shanghai and Hong Kong exchanges by the end of the year.
Breaking out of the shell
Captive funds have becoming active in Asia but are they here for the long term?
Hony's second RMB fund targets Chinese firms' overseas aspirations
One month after Chinese buyout major Hony Capital announced that it would raise an RMB10 billion ($1.5 billion) yuan-denominated fund – it’s second – the Beijing-based firm has confirmed that the fund will target PRC companies looking to ramp up...