Private Equity in China: Challenges and Opportunities

Kwek Ping Yong

Jan 2012 · Sold by John Wiley & Sons

About this ebook

Learn valuable lessons from the newly successful private equity players in China and explore the challenges and opportunities offered in Chinese markets

The first book to deal with private equity finance in China, Private Equity in China: Challenges and Opportunities provides much-needed guidance on an investment concept that has so far proved elusive in Asia. Focusing on the opportunities that the Chinese finance market offers to private equity firms, the book shows how these firms can strategically position themselves in order to maximize success in this new marketplace.

Private Equity in China includes in-depth case studies illustrating both successful and failed ventures by private equity firms operating in China, outlining the challenges faced by private equity firms in setting up new funds. It contains a collection of valuable experience and insights about acquiring companies and turning them around essential for any firm currently operating in, or considering entering, the Chinese market.

• Discusses the challenges faced by private equity firms in China including setting up the initial fund, fund raising, deal sourcing, deal execution, and monitoring and exit strategies
• Provides key insights drawn from keen observations and knowledge of the more mature private equity market in Western countries, analyzing the way forward for the Chinese private equity industry
• Discusses the role of renminbi-denominated funds in the development of the private equity industry in China

Breaking new ground in exploring and explaining the private equity market in China, the book offers incredible new insight into how equity companies can thrive in the Chinese marketplace.

Ratings and reviews

I just bought this book in Singapore. This book provides a good understanding of the Private Equity industry in China with a well structure format. As a person not very familiar with China, it starts with a basics of private equity and the macro trend of China, which is very useful. The different classification of funds in China, locally owned and foreign owned funds with both USD and RMB currency under management is a new concept, that shows the big difference between PE in China and PE elsewhere. The US has been dominated with LBO deals with huge fund size, that is not the case in China, where minority investment is more common. In general, a very well written book and I believe this is the first book on this subject. I look forward to more books on Private Equity in China, or the second edition of this book. Thanks the author.

This is a book covering all aspects of Private Equity in China. China is unique in the way that it has its own currency private equity funds and the treatments for domestic and foreign currency are treated differently when making PE investment in China. The author covers almost all aspects of the current situation of private equity industry, while it is still in its developing stage, private equity industry in China offers a huge opportunities for the world and I think aspiring and young private equity professionals, and business students whether in the undergraduate or graduate schools, should pick up a copy to get a good undertsanding of this unique opportunity of getting involved in this industry. In terms of PE investment experience and research ability, China has a lot to learn from the west, while in terms of the market, the west could safely bet on China.

Good book. gave a good detailed picture on the private equity sector in china. I like the RMB and opportunities portion.

About the author

YONG KWEK PING has more than ten years of private equity investment experience in China. Kwek Ping started his first USD private equity China-focused growth fund in 2001 and has since made more than thirty investments in different cities in China across various industries, including manufacturing, mining, energy, food and beverage, and the retail sector. Kwek Ping has also planned and executed many successful exits through trade sales and pre-IPO transactions. Kwek Ping launched his first Chinese RMB private equity growth fund in 2010 with a total of USD and RMB fund size of more than US$3.0 billion under management. Kwek Ping's track record is well recognized, and he is frequently invited to speak at many international conferences and summits. Kwek Ping also teaches private equity courses at the Singapore Management University and is a Senior Fellow of the Wharton School, University of Pennsylvania, USA.