2017-投资界电子周刊No0550-英文版_13页_493kb

报告摘要

PEdaily E-Magazine Issue No. 550 Summary

Core Content

This issue of PEdaily E-Magazine, published on September 14, 2012, provides an overview of the venture capital and private equity (VC/PE) industry in China, including fundraising activities, notable investments, and market trends. It also highlights international developments and strategic moves by major companies.

Main Points

1. Fundraising in August 2012

Total fundraising: US$2.37 billion.
Number of funds raised: 11.
RMB funds: 7 funds, raising US$773.57 million (32.6% of total).
USD-denominated funds: 4 funds, raising US$1.60 billion (67.4% of total).
Fund types:
- VC funds: 4, raising US$1.47 billion (61.8%).
- Growth funds: 4, raising US$691.34 million (29.2%).
- Angel funds: 2, raising US$151.31 million (6.4%).
- Real estate fund: 1, raising US$63.14 million.

2. VRV Goes Public on ChiNext

Date: September 12, 2012.
Company: Beijing VRV Software Co., Ltd.
IPO details:
- Issued up to 16.7 million shares.
- Price per share: RMB25.
- P/E ratio: 39.37 times.
Use of proceeds: Upgrade of terminal safety management solutions and R&D of data safety management solutions.
Investors:
- Tianyue Venture Capital and Huarui Venture Capital each invested RMB1.5 million in 2009.
- Together, they hold an 8.33% stake in VRV.

3. Junsan Capital Invests in RML

Investment amount: RMB23 million.
Company: Chengdu RML Technology Co., Ltd., a high-tech firm specializing in microwave and radio frequency SOC-integrated circuits.
Junsan Capital:
- Founded in 2003.
- Has sponsored nine equity funds.
- Invested in nearly 50 enterprises by the end of June 2012.

4. Sino-Russian PE Fund Makes First Investment

Fund: Jointly established by China Investment Corporation and Russian Direct Investment Fund.
First investment: Around US$200 million in a Siberian timber company.
Purpose: Acquiring minority shares of Russia Forest Products, which owns businesses in Siberia.
Impact:
- Expected to create 1,000 jobs.
- Focus on processed timber sales to increase profit margins.

5. CDB Sponsors First National-level Sino-French PE Fund

Fund name: Sino-French Fund.
Sponsors: China Development Bank (CDB) and France Trust & Saving Bank.
Initial capital: Euro150 million.
Contribution split: 50% from each sponsor.
Investment strategy:
- Focus on high-growth SMEs in France and China.
- Phase I investment period: 4 years.
- Payback period: 5 years.
Management: Cathay Capital Private Equity.
Single investment range: Euro5M to Euro20M.

6. Renren Invests in SoFi

Investment amount: US$49 million.
Company: SoFi, an innovative American financial service company.
Objective: Help students obtain educational loans with lower interest rates than federal government loans.
Background: Founded in 2011 by Stanford University students.
Strategic view: Renren's CEO Chen Yizhou believes social networking will extend to financial and educational sectors.

7. Haier Group Acquires Fisher & Paykel Appliances

Acquisition price: NZD1.2 per share.
Valuation: NZD869 million.
Target: Fisher & Paykel Appliances Holdings Limited, New Zealand's largest appliance manufacturer.
Plan: Tender offer to be officially launched within 14 to 30 days.
Background: Haier is among the first Chinese companies to enter overseas markets, with sales networks in over 100 countries.

8. Shunfeng Express Considers Financing

Potential investors: Domestic top PEs such as Hony and CITIC.
Purpose: Possibly related to expansion into e-commerce.
Background:
- Shunfeng is known for its strong capital resources.
- Previously did not engage with VC.
- Strategic cooperation with Tmall under Alibaba indicates a shift in logistics strategy.

9. Ganji.com Completes Series D Financing

Investment amount: US$10 million.
Business growth:
- Ant short-term rental business grew by over 25% in the last three months.
- Became the fastest-growing business.
Previous funding:
- Series C: US$70 million in May 2011.
- Series A: US$20 million in May 2010.

Key Information

Market trends: A shift towards VC and growth funds, with increased interest in e-commerce and financial services.
International investments: Sino-Russian and Sino-French PE funds are making significant moves, reflecting growing cross-border collaboration.
Strategic partnerships: Alibaba's logistics plan is being realized through partnerships with express companies.
Corporate expansion: Haier's acquisition of Fisher & Paykel highlights its global ambitions.
Investor activity: PEs are showing increased interest in both domestic and international markets, particularly in high-growth sectors.