2017-投资界电子周刊No0581-英文版_11页_790kb

PEdaily E-Magazine Issue No. 581 Summary

Core Content

This issue of PEdaily E-Magazine, published on May 31, 2013, focuses on the PE/VC industry in China and the global M&A landscape. It provides insights into investment trends, significant deals, and strategic moves by various players in the sector.

Main Viewpoints

• Economic Transformation: The Chinese economy is undergoing a critical transformation phase since the reform and opening-up policy. This transformation's efficiency will significantly influence long-term economic trends.
• Policy Direction: The 2013 Central Economic Working Conference emphasized the importance of short-term stable growth and long-term structural adjustment. Key areas include consolidating agricultural foundations, accelerating industrial restructuring, and promoting urbanization.
• M&A as a Key Driver: The report highlights that M&A is entering a prime time, offering substantial investment opportunities. This is particularly relevant in the context of economic transformation.
• Strategic Investments: Several notable investment deals are reported, including strategic investments by Tianjin Venture Capital in Yingte Chemical and Songzhen Electric Automobile, and Ctrip's investment in 133.cn to form a joint venture.
• Global Deals: A significant global deal is highlighted, where Shuanghui acquires Smithfield Foods, the world's largest live pig and pork producer, for US$7.1B.

Key Information

1. Vincom Retail Investment

• Investor: A subsidiary of Warburg Pincus (a global PE firm)
• Amount: US$200M
• Target: Vincom Retail, a major player in Vietnam's retail real estate sector
• Purpose: To expand Vincom's retail real estate business
• Assets: Vincom Retail owns seven major assets valued at around US$1.1B
• Vincom's Position: Vietnam's largest private real estate operator and one of the largest companies listed on the Ho Chi Minh City Stock Exchange

2. Tianjin Venture Capital Investments

• Investments:
  • Hebei Yingte Chemical (Shijiazhuang) Co., Ltd.
  • Tianjin Songzhen Electric Automobile Technology Co., Ltd.
• Funds Used:
  • Hebei Tianxin Venture Capital Fund
  • Tianchuangbosheng Equity Investment Fund
• Strategic Focus: These investments are part of Tianjin Venture Capital's strategic approach to support key industries.

3. WordPress Investment

• Investor: Tiger Global Fund
• Amount: US$50M
• Target: WordPress, through its parent company Automatic
• Nature: Secondary stock offering
• Impact: Enabled old employees and early investors to sell shares, with Tiger Fund becoming a new shareholder.

4. Ctrip's Strategic Investment in 133.cn

• Investor: Ctrip
• Target: 133.cn, a platform for searching and reserving economy chain hotels
• Deal: Ctrip will split off its Express Hotel Butler application product and establish a joint venture with 133.cn.

5. Shuanghui's Acquisition of Smithfield Foods

• Acquirer: Shuanghui International (a subsidiary of Shuanghui Group)
• Target: Smithfield Foods, the world's largest live pig and pork producer
• Amount: US$7.1B
• Sources: Funded by self-owned capital and international group resources
• Significance: This acquisition marks a major step in Shuanghui's international expansion strategy.

Subscription Information

• RSS Feed: Subscribe to RSS
• Email Weekly: Subscribe to Email Weekly
• View More Weeklies: Click Here to View More Weeklies
• Feedback Email: pedaily@e-zero2ipo.com.cn

Conclusion

This issue of PEdaily E-Magazine underscores the importance of M&A in the context of China's economic transformation and highlights several strategic investment deals that reflect the evolving landscape of the PE/VC industry. The magazine continues to serve as a valuable resource for insiders in the field, offering timely, accurate, and in-depth market reports.