Hony Capital

Hony Capital, founded in 2003 and sponsored by Legend Holdings Corporation, specializes in equity investment and asset management. Partnering with the world’s leading investors, it focuses on the development of China’s real economy with “value creation by providing value-added services” as its investment philosophy.

Hony Capital currently manages seven private equity funds (five USD funds and two RMB funds) and two RMB mezzanine funds with more than RMB48 billion assets under management. The investors of Hony Capital include Legend Holdings, the Chinese Academy of Sciences Holdings Co, Ltd., the National Social Security Fund, China Life Insurance and leading investment institutions such as Goldman Sachs, Temasek, European and U.S. pension funds and endowment funds. The combination of domestic and international high-quality resources enhances the ability of Hony Capital to provide portfolio companies with value-added services.

Centering around two major themes of urbanization and consumption upgrade, Hony Capital has invested in 80 companies in the areas of machinery and equipment, pharmaceutical and healthcare, consumer products and channels, media and entertainment, financial services and others, including China Shijiazhuang Pharmaceutical Group (CSPC), Zoomlion, China International Marine Containers (CIMC), Suning, Shanghai City Investment Holdings, Shanghai Jin Jiang International, PizzaExpress (UK), STX(US) etc. In addition, Hony Capital has helped a number of Chinese enterprises grow into leaders in the industry and even in the world by introducing market-based governance mechanism and advanced management experience.

Hony Capital is reputed as an “expert of SOE restructuring” for its achievements in restructuring of SOEs and exploration of mixed ownership. Nearly 30 SOEs invested by Hony Capital have realized a steady and rapid increase in business value. Among them, some have grown into highly competitive businesses with the world’s leading industry position. Hony Capital’s standardized, efficient and professional value-added services have won a high degree of recognition from the invested enterprises and local governments.

Hony Capital is actively committed to promoting Chinese enterprises and capital to go out and foreign enterprises and capital to come in. In recent years, Hony Capital has proactively practiced in-bound cross-border investment and constantly promoted financial and policy innovation. In September 2013, Hony Capital became one of the first 25 enterprises that registered in China (Shanghai) Pilot Free Trade Zone (FTZ). Since it completed the FTZ’s first PE cross-border investment in February 2014, Hony Capital has invested the RMB funds under its management in several leading companies in the European and American markets.

Hony Capital has always adhered to its core investment philosophy of “value creation by value-added services”, and dynamically fine-tuned its investment strategy to continuously lead the development of the industry according to the macroeconomic situation and the industry changes in China. In 2014, Grand Accordia Healthcare Group and Hochii Restaurant Management Group were established in succession, marking Hony Capital’s initiative in platform investment, on which it conducts efficient investment and integrated management in hospital and Chinese restaurant industries on the basis of its decade-long efforts in healthcare and consumer industries.

Hony Capital has a team with international background that takes roots in China to substantially help enterprises improve the management level, carry out international expansion, and establish industry leadership. Hony Capital joins hands with portfolio companies for common development, facilitates their growth and delivers satisfactory return to investors.

Hony Capital is committed to being a people-oriented, trustworthy and respected financial services company.