Introduction

The mezzanine fund team is positioned on making safer equity investments, seeking to create desired return under the premise of overall risk control. Team members have relevant, complementary skills and experience in private equity, investment banking, risk management, accounting auditing and investment management, and have accumulated approximately 50 years of valuable experience in implementing equity and structured investment strategies.

China Everbright Holdings Limited invested in the Mezzanine Fund as a cornerstone investor. Leveraging China Everbright’s brand effect, diversified channels and resources, the Investment Team‘s deep understanding of selected industries, contacts and networks. In the past investment projects, our business partners include sub-sector market leaders and reputable financial institutions.

Investment Strategy

Focusing on weak-cycle industries with good cash flow such as food, beverages and education, supplemented by areas with huge integration potential such as pig breeding and sports consumption. Targeting large-scale enterprises in China with good operation, scale and growth potential, tailor the most suitable investment-funding solution based on stocks and bonds, and is committed to becoming a strategic long-term partner of selected companies.

Track Record

As of May 2019, the team raised and managed two mezzanine funds and two special funds, have invested in 11 projects. Accumulated investment amount was about RMB 3 billion, and there was no loss in any projects. All 6 investment projects have been completed and exited for phase one. The fund has invested in 5 projects for phase two, which are nearing completion. Among which, hope education was the funds’ first investment project in December 2016, has been listed in Hong Kong in August 2018. 

The team is currently preparing for the third phase of the fund with a target size of RMB 2.5 billion and has already reserved a number of quality projects.

Hope Education

  • Leading private higher education group in China, ranking first in the Midwest and second in the country
  • Equity investment plus repurchase guarantees, as well as partial debt financing
  • As the only external institutional investor before listing, deeply participate in corporate strategic restructuring, corporate governance and Hong Kong listing preparation
  • Listed in Hong Kong in August 2018

Googut Wine and Spirits

  • China's most influential liquor operator and new retail wine merchant
  • Equity investment plus repurchase guarantee
  • As its first equity institutional investor, deeply involved in corporate governance, strategic planning and capital operations.
  • Plan to start listing at the right time

Dekon Farming

  • Leading pig breeding enterprise in the west, cooperated with Alibaba Cloud to develop artificial intelligence breeding in China and achieved remarkable results.
  • Equity investment plus repurchase guarantee
  • As its sole external institutional investor, deeply participate in corporate governance, strategic planning and listing preparation, etc.
  • Plan to list in China

Neusoft Holdings

  • China's leading large-scale enterprise group with presence in education, medical health and information technology industries 
  • Debt plus equity 
  • Provided financial solutions for large and complex equity restructuring involving listed companies, and improved the consistency of interests between the company's management and external investment institutions
  • Exited completely
  • Ben Lu

    Managing Director

    Ben has nearly 25 years of experience in commercial banking and investment management. He has worked at a number of sizable Chinese state-owned and foreign financial institutions in Canada, Hong Kong, Beijing and Shenzhen, focusing on structured finance, project finance, equity investment and credit risk management. Before joining China Everbright, Ben was the Chief Representative of Beijing Representative Office and Head of Corporate Development at The Bank of Nova Scotia, leading its direct investment projects in China. Ben received Bachelor's Degree in International Finance from Renmin University of China; Master's Degree in Economics from The University of British Columbia, Canada; and MBA Degree from The University of Western Ontario, Canada. Ben has also been granted the Lawyer Qualification Certificate of the People's Republic of China.

  • Disney Nie

    Managing Director

    Disney has worked in a number of large-scale Chinese and foreign financial institutions in Canada, Japan, Hong Kong, Shanghai, etc. He has many years of solid experience in investment, corporate finance, IPO underwriting, corporate financial planning, and administrative management. Disney also served as the regional head of Bank of East Asia (China), the president of Shanghai Branch and the president of Hangzhou Branch, supervising several branches in the area. Disney holds a master's degree in business administration from Shanghai Jiaotong University and a bachelor's degree in Japanese from Shanghai University's School of Foreign Languages.

  • Coral Liu

    Director, Investment

    Coral has solid experience in private equity and company onshore / offshore restructuring. Before joining China Everbright, Coral worked at Mingly China Growth Fund and Deloitte Financial Advisory Limited. Coral received a Bachelor's degree from Fudan University. She is a CICPA Charter-holder.

  • Bart Wang

    Director, Investment

    Bart has solid experience in capital markets, including cross-border M&A, capital financing, and fixed income trading and risk control. Before joining China Everbright, Bart worked at Standard Chartered Bank. Bart received Bachelor's Degree and Master's Degree of Economics from Shanghai University of Finance and Economics.

  • Jiangang Shi

    Vice President, Investment

    Mr. Shi has worked in the Food and Beverage Business Unit and Venture Capital Fund of Fosun Group. He has been involved in food and beverage industry for nearly five years and has led and participated in many investment projects. Mr. Shi has more than nine years of research experience in the food and beverage and related consumer goods industries. He has worked in Tianxiang Investment, research departments in Huatai United Securities and Oriental Securities. Mr. Shi holds a bachelor's degree in economics from Donghua University.

  • Eric Wei

    Senior Associate

    Eric has worked for Haitong Securities Co., Ltd. And PwC Zhongtian CPAs Co., Ltd and has extensive experience in major asset restructuring, cross-border M&A, red chip return, and refinancing. Eric holds a Bachelor of Accountancy from the University of Southampton and a Master of Economics from the University of Bath.

  • Bo Pang

    Associate

    Mr. Pang worked in Guotai Junan Securities Co., Ltd. and has extensive experience in the company's domestic A-share listing, refinancing, mergers and acquisitions. Mr. Pang holds a Bachelor in Economics and Mathematics from the University of Chicago and is a Chartered Financial Analyst (CFA).

  • Katrina Shi

    Analyst

    Katrina worked at Accenture Consulting (UK) Ltd, understands applications of cutting-edge technology in the UK, and is good at delivering IT project management. Katrina holds a Bachelor of International Business from the University of Nottingham Ningbo, China, and a Master’s degree in Global Supply Chain Management from the City College of London.

  • Suo Wang

    Analyst

    Mr. Wang worked at Fosun Group and Westlake Partners, was deeply involved in many consumer related investment projects. Mr. Wang holds a Bachelor's degree in Economics and Applied Mathematics from the University of Connecticut, a Master's degree in Economics from University of Cambridge, and a Master's degree in Financial Mathematics from the University of Chicago.

RMB Mezzanine Fund

Tel (021) 2089 0901
Fax (021) 2089 0999
Email zhujun.qiu@everbright.com
Address 25/F, 21st Century Tower, 210 Century Avenue, Pudong New Area, Shanghai, China