Lunar Capital Management
More China GPs look to tap outbound opportunity - AVCJ Forum
PE investors are seeing more outbound opportunities as China enters its second stage of development, industry participants told the AVCJ Forum.
Succession-planning deals: A matter of legacy
Long a feature of the developed markets private equity, succession-planning opportunities are beginning to pop up in emerging Asia. Regardless of geography, convincing a founder to sell his business is a challenge
FATCA compliance: A ticking clock
As of July 1, PE firms were supposed to have taken the first step towards compliance with the US Foreign Account Tax Compliance Act (FATCA). Few in Asia can exist beyond the regulatory web
Operational value-add: Home-made remedies
Private equity firms, and the LPs, are placing greater emphasis on adding value to portfolio companies. But what is the best way of developing operational capabilities in Asia, and who should pick up the tab?
China retail: Asset-heavy to asset-light
Facing competition from e-commerce platforms, China’s traditional offline retailers are moving online – and the ideal combination is a combination of the two. PE investors are seeking opportunity in the disruption
SmartPay joins Ping An’s e-payment push
Ping An Insurance Group has taken the fight to Alibaba Group once before. In 2010 it bought an 80% stake in online grocery retailer Yihaodian and helped build the business into one of China’s leading B2C e-commerce players, finding space in the corner...
Lunar Capital exits China mobile payment business to Ping An
Lunar Capital and co-investors RRE Ventures and Icon have exited SmartPay, one of China’s leading third-party online payment providers, to an affiliate of Ping An Insurance Group. The insurer, which also has bank and asset management interests, is said...
Financial technology: The new normal
Initiatives are in place to make private equity reporting faster, more detailed and completely standardized. Are the guidelines a good fit for the industry in Asia and what are GPs doing to meet them?
Financial services in China: Carving a niche
With investment opportunities in China's traditional banking and insurance industries limited, private equity firms are looking to niche financial services. What have they found in the shadows?
China value-add: Empty promises?
Pulled by a desire to buy and build or pushed by a need to address restricted exit options, PE firms in China are placing greater emphasis on operational value-add. LPs must decide who’s all talk and who is action
China webinar: Still a safe bet?
Exits have been preying on the minds of China-focused private equity investors as the IPO market so little signs of revival. It means GPs must think more broadly and more globally
Canary in the coal mine: GP economics under stress
Still dealing with the fallout from a fundraising boom, mid-market PE firms in Asia face the prospect of smaller vehicles in coming vintages, and team volatility comes as part of the package
Lunar takes the bull by the horns
Nothing transforms the fortunes of a start-up quite like a celebrity endorsement. Twenty-five years ago, former Chinese President Hu Jintao, then still a rising star in the Communist Party, visited Yonghong, a family-owned beef jerky producer based in...
Lunar Capital acquires majority stake in China's Guizhou Yonghong
Lunar Capital Management has acquired a majority stake in Chinese snack food company Guizhou Yonghong, for an undisclosed sum. The company produces and distributes processed beef products under the brand of Niutou, which means Bullhead.
Lunar Capital boosts operating partner team
Lunar Capital has appointed Eric Yiming, a long-serving China and Asia executive with Sampoerna Tobacco Group, Heineken and Tropicana, as a sector partner. Yiming will focus on the food, beverage and fast-moving consumer goods industries, and although...
Lunar hires ex-Parker Pens China executive as sector partner
Lunar Capital has appointed Vincent Sun as sector partner for high-end branded consumer goods, with the expectation that he will be seconded to children’s clothing retailer I Pinco Pallino Asia as general manager. This follows the China-focused GP’s...
Lunar Capital enters partnership with Pinco Pallino
Lunar Capital has entered into a partnership with Italian children's fashion brand "I Pinco Pallino" to expand its presence in China and East Asia. Under the agreement, Lunar and Pinco Pallino, which is owned by Italian private equity firm Opera, plan...
Portfolio: Lunar Capital and China's Joysun
When Lunar Capital invested in Sichuan Zhiqiang, the company’s Joysun brand was well known but lacked relevance with younger consumers. It is now seeking to redress the balance with a revamped product range
VIDEO: Lunar Capital's Derek Sulger
The private equity landscape in China is broadening and this will see a wider variety of deals, including more control transactions, says Derek Sulger, managing partner at Lunar Capital
China portfolio management: Accounting on the wild side
As private equity firms pay more attention to financial management and value-add in Chinese portfolio companies, recruiting a CFO with the right blend of skills and experience is vital – but difficult
PE firms hedge their bets
Numerous private equity and hedge funds are pursuing alliances with one another in Asia. Could a multi-strategy approach be the golden strategy for the region’s investment environment?
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.
China’s private equity talent war
The pace of growth in China’s private equity industry hasn’t been matched by the development of a pool of qualified local investment professionals. Firms are busy building from the bottom and poaching at the top
Private equity heads into China’s hinterlands
From resources to consumer plays, western China is rich in opportunities for private equity investors, but an unwillingness or inability to build strong local teams is holding back progress