2017-投资界电子周刊No0576-英文版_10页_336kb

PEdaily E-Magazine Issue No.576 Summary

Core Content

PEdaily E-Magazine, formerly known as Zero2ipo e-Weekly, is a weekly publication aimed at professionals in the private equity (PE) and venture capital (VC) sectors. It provides comprehensive and timely market reports, including investment and financing news, industry insights, data observations, personality profiles, and expert opinions. The magazine is supported by Pedaily.cn, which leverages its extensive investor network and over 10 years of research resources from the Zero2IPO Group to deliver in-depth analysis and abundant data to its readers.

Main Points and Key Information

1. Growth in LPs in Q1'13

• LP Growth: The number of limited partners (LPs) in China's VC/PE market increased to 7,867 in Q1 2013.
• Capital Available: 6,477 LPs disclosed their investments, totaling US$811.41 billion.
• Key Contributors: Wealthy families and individuals saw a significant rise in participation.

2. LightInTheBox Plans to Go Public on NYSE

• IPO Details: LightInTheBox Holding Co., Ltd. submitted a prospectus to the SEC, planning to list on the NYSE with an IPO size of US$86.25 million.
• Trading Code: The company will be listed under the code LITB.
• Underwriters: Credit Suisse and Stifel Financial Corp are the lead underwriters, with Pacific Crest Securities and Oppenheimer&Co. Inc. also involved.

3. Istart Ventures Completes Series A for Anfu Kelin

• Investment: IStart Ventures LLC, an institutional angel fund, completed Series A financing for Anfu Kelin, a chemical technology company based in Shanghai.
• PEdaily.cn Report: The news was reported by PEdaily.cn on April 16, 2013.

4. Ikang Inc. Receives US$100M from Goldman Sachs and GIC

• Investment: Ikang Inc. received US$100 million from Goldman Sachs and Government of Singapore Investment Corp (GIC).
• Background: Goldman Sachs has previously invested in the healthcare sector, including Heparink and Mindray.
• Valuation: Ikang's pre-investment valuation is estimated at RMB 2 billion, based on a RMB 70 million net profit from the previous year, implying a P/E ratio of 30.

5. Blue Focus Further Acquires Bojie Advertisement at RMB1.6B

• Acquisition: Blue Focus, which had suspended trading for over a month, announced plans to acquire the remaining 89% stake in Bojie Advertisement for RMB 1.6 billion.
• Integration: The acquisition will allow Blue Focus to enter the CCTV advertising agency business through Bojie Advertisement.
• Previous Investment: In February 2013, Blue Focus had already invested RMB 178.2 million in Bojie Advertisement, acquiring an 11% stake.
• Payment Method: The remaining stake will be purchased via non-public share offering and cash payment, with RMB 200 million paid cumulatively.

6. Hertz Strategic Investment in CAR

• Partnership: Hertz, a global auto rental giant, and China Auto Rental Holdings Inc. (CAR) signed an agreement for Hertz to invest in CAR.
• Terms: Hertz will receive nearly 20% stake in CAR and one seat on its Board.
• Integration: CAR will integrate all of Hertz's auto rental operations in China.
• Previous Funding: CAR had previously filed for an IPO in early 2012, aiming to raise US$130 million, but later cancelled the plan and accepted US$200 million from Warburg Pincus.
• Major Shareholder: Legend Holdings Ltd. was once the largest shareholder of CAR.

Subscription Options

• RSS Feed: Readers can subscribe to the RSS feed at http://tag.pedaily.cn/rss/rss-s52.xml.
• Email Weekly: An email version of the magazine is available at http://tag.pedaily.cn/email/subscription.aspx.
• View More Weeklies: Additional issues can be viewed at http://tag.pedaily.cn/weekly/.

Contact

• Feedback Email: Readers can provide suggestions or feedback to pedaily@e-zero2ipo.com.cn.

This issue highlights the continued growth of the PE/VC market in China, notable investment activities, and strategic moves by major players. It also emphasizes the magazine's role in providing in-depth analysis and market insights to its diverse audience.