2017-投资界电子周刊No0516-英文版_13页_669kb

报告摘要

PEDaily E-Magazine Issue No.516 Summary

Preface

Overview: PEDaily E-Magazine (formerly Zero2ipo e-Weekly) is a weekly publication targeting PE/VC insiders, providing timely, accurate, and in-depth market reports.
Mission: PEDaily.cn, leveraging extensive investor networks, integrates over 10 years of research resources from Zero2IPO Group to build a professional platform with abundant data and analysis.
Audience: Open to investors, entrepreneurs, analysts, and lawyers, inviting them to share insights and witness the growth of China's PE/VC industry.

Core Content

China VC Market Growth in 2011

Fundraising: In Jan-Nov 2011, the VC "cash pool" reached US$26.46B, doubling the full year 2010 figure.
RMB Funds: RMB-denominated funds dominated the market, forming the main force of VC activity.
Investments: Total VC investment exceeded US$10.00B, doubling the 2010 figure.
Exit Deals: The number of exit deals slightly increased, with IPO exits declining in proportion and M&A exits gaining momentum.

Hot News Highlights

Boston-Power Raises $30M:
- Raised $30M in private equity, led by GSR Ventures, with Oak and Foundation Asset participating.
- Follows a $125M round in September, including government grants and financial incentives.
- Funds will be used to scale manufacturing, R&D, and business development in China.
Nomura Invests in Shanghai Private-Equity Fund:
- Nomura will invest in a fund managed by Jiu You Equity Investment Management LLP, focusing on high-tech and biopharmaceutical sectors.
- The amount of investment is not disclosed.
VV Group Acquires Guizhouchun:
- VV Group had previously withdrawn from the bid due to being outcompeted by HNA.
- HNA's exit has given VV Group a new opportunity to re-negotiate the acquisition.
- Analysts noted VV Group's long-term interest in Guizhouchun.
Luxin Venture Capital Invests RMB100M in Nuclear Power Industry:
- Luxin's subsidiary SHTIC invested RMB100M in Huadong Heavy Equipment Co., Ltd.
- After capital increase, Huadong Heavy Equipment's registered capital will reach RMB1B.
- SHTIC will recommend a director for the company.
China Resource Vanguard Acquires HKLTZ:
- The acquisition of HKLTZ for RMB3.69B was approved by the Ministry of Commerce.
- HKLTZ, the largest retailer in Jiangxi, has over 3,800 stores and HK$52B turnover.
- The company faced profit decline due to tax changes and rising costs.
Tiantu Capital Invests in Fornet Laundry:
- Tiantu Capital completed a Series A investment of several dozen million yuan in Fornet Laundry.
- Wang Cen of Tiantu Capital became a director.
- This is Wang Cen's fourth investment in chain enterprises, including Ciming Health Checkup and Evercare Medical Cosmetics Group.
H&Q Asia Pacific Plans RMB Fund:
- H&Q Asia Pacific intends to launch its first RMB PE fund in China.
- The fund will source capital from both institutional and individual investors.
- RMB funds are the main force in PE/VC investment, with significant fundraising in 2011.
Shanghai International Group Establishes Parallel Fund:
- The Shanghai Ruili Emerging Industrial Parallel Fund successfully raised RMB7B in Series A.
- The fund includes RMB5B and USD300M, targeting emerging industries.
- Major investors include state-owned enterprises, listed companies, private firms, and foreign investment institutions.