In PwC’s Crystal Ball: More Deals, Funds to be Raised in China
By Sonja Cheung Advisory firm PricewaterhouseCoopers is forecasting an increase of private equity and venture capital fundraising and deal flow in China during 2014. Fundraising will “significantly rebound” this year following the resumption of domestic initial public offerings, PwC writes in its latest private equity outlook. With the exception of 2009, 2013 was […]
Quantifying ESG Outcome a Challenge
By Drew Wilson Quantifying ESG outcome a challenge: An ESG policy can result in cost savings, but it’s difficult to break out the numbers. Putting a dollar figure on savings resulting from an ESG policy is a challenging exercise few firms have attempted, partly because of the difficulty in isolating financial impact. “ESG has great […]
Seeing Shadows in the Dark? Fear Not for the Consumer
Inclusive of government, corporates and households, China’s debt to GDP ratio rose to 218% at the end of 2013, up from 87% in 2008. In response we have seen growing fears about credit addiction, with the State Council in December 2013 issuing guidelines for more aggressive regulation of the shadow banking sector. This pessimism has […]
Meet Our Managers –Feng Gao
Feng Gao CEO, Yeehoo I have been working in the fashion and apparel industry for nearly 25 years, first with domestic brands before moving on to becoming the head of China operations for multiple multinational corporations (MNCs). Over the last decade, I served as the China director of Hermes, as well as the China Head […]
The Year of the Steady Stallion
Lunar Capital characterized the Year of the Dragon (2012) as the Year of the IPO Hangover*, as the domestic economy shuttered, domestic IPOs were suspended, and high prices paid by growth capital firms contributed to a sizable correction in public market valuations. These past twelve months – the Year of the Snake – was cleaning […]
Asian Private Equity Uninspired by China IPO Thaw
By Paul J Davies Asian private equity managers have poured cold water on hopes that the reopened market for initial public offerings in China will spark a flood of profitable sales, and free up the industry to raise more money and stimulate deals. Private equity investors across Asia, and especially in China, have struggled to […]
Value Creation: Shock and Awe?
Asian GPs are building up their operational resources to support portfolio companies, but the true value of expertise is knowing when and where to make influence count. A few years into an investment the deal executives at Pacific Equity Partners (PEP) are grilled by an internal operating committee on whether it is time to exit. […]
The Peng Dynasty
In March of 2013, Liyuan Peng, appeared before the media spotlight for the first time as China’s new first lady. While she is a well-known folk singer, she used her new role to signal support for China’s continued drive toward domestic innovation and consumption – through fashion. Peng’s outfits were simple and elegant, and rather […]
PE Firms to Go ‘Ga-Ga’ For Kid-Focused Deals in China
By Sonja Cheung Private equity firms in China invested in baby or child-related companies received their Christmas present early this year, after the government announced it would ease its notorious one-child policy. The change in policy is a bid to boost the country’s ailing birth rate, and help balance out China’s aging population. Share prices […]
PEdaily Profiles YR Cheng
PEdaily, a domestic Chinese PE database and news source, recently published a profile on Lunar Capital partner YR Cheng. For the complete article (in Chinese), please click here.
