Growth Capital • Financial Services

KKR, GIC and China International Capital Invest In Far East Horizon

On October 14, 2009, private equity firm KKR, sovereign wealth fund GIC and China International Capital invested in financial services company Far East Horizon

Investment Context
  • This is KKR’s 4th, GIC’s 1st and China International Capital’s 1st transaction in the Financial Services sector.
  • This is KKR’s 3rd, GIC’s 1st and China International Capital’s 1st transaction in China.
Investment Fate
  • Far East Horizon went public in 2011.
  • Far East Horizon was sold to a financial buyer in 2019.

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Investment Summary

Date October 14, 2009
Target Far East Horizon
Sector Financial Services
Investor(s) KKR
GIC
China International Capital
Deal Type Growth Capital

Target Company

Far East Horizon

Hong Kong, China
Far East Horizon is a provider of financial services and the company operates in two segments, Financial, Lease, and Advisory; and Industrial Operation and Management. The Financial, Lease, and Advisory segment offers direct finance leasing, sale-leaseback, factoring, entrusted loans, operating lease, and advisory services. Far East Horizon was founded in 2008 and is based in Hong Kong, China.
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Investors Overview 3

Investor

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


Deal Context for Investor #
Overall 74 of 503
Sector: Financial Services 4 of 22
Type: Growth Capital 2 of 82
Country: China 3 of 30
Year: 2009 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-01 BMG Rights Management

Berlin, Germany

BMG Rights Management is a start-up by years of existence, however considered a major international player in the music industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-27 Capmark Financial Group

Horsham, Pennsylvania, United States

Capmark Financial Group, Inc. is a commercial real estate finance company with investments and funds management and asset management businesses.

Sell -
Investor
DESCRIPTION

GIC Private Ltd. is the investment arm of Singapore. The Group primarily invests through three investment groups, including public markets, private equity and real estate. GIC's private equity practice looks to invest in funds as well as directly in companies. GIC is based in Singapore with additional offices globally.


Deal Context for Investor #
Overall 3 of 47
Sector: Financial Services 1 of 3
Type: Growth Capital 1 of 4
Country: China 1 of 1
Year: 2009 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-31 Fleet Partners Pty

Richmond, Australia

Fleet Partners Pty Ltd. is a provider of passenger and commercial vehicle fleet management services in Australia and New Zealand. FleetPartners provides fully maintained and funded operating leases to its customers and typically takes on the residual value risk of the vehicle. It also provides a range of novated and finance leases and other niche products depending on the needs of its customers. Fleet Partners was established in 2006 and is based in Richmond, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-26 Buma

Jakarta, Indonesia

Buma is a holding company with an investment focus on mining services. Through its wholly owned subsidiary, PT Bukit Makmur Mandiri Utama (BUMA), Delta Dunia Makmur is the largest pure play mining contractor listed on the Indonesian Stock Exchange. Buma was founded in 1990 and is based in Jakarta, Indonesia.

Buy -
Investor

China International Capital

Beijing, China

Category Company
Founded 1995
Sector Financial Services
Employees14,409
Revenue 30.9B CNY (2024)
DESCRIPTION

China International Capital Corporation is a provider of financial services in Mainland China and internationally. Its business scope includes economic, securities, and market research, debt and equity issuance and underwriting, merger and acquisition advisory, equity sales, and trading, fixed income, principal investment, asset management, wealth management, private equity, and investment advisory. China International Capital Corporation was founded in 1995 and is based in Beijing, China.


Deal Context for Investor #
Overall 1 of 1
Sector: Financial Services 1 of 1
Type: Growth Capital 1 of 1
Country: China 1 of 1
Year: 2009 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-01 Far East Horizon

Hong Kong, China

Far East Horizon is a provider of financial services and the company operates in two segments, Financial, Lease, and Advisory; and Industrial Operation and Management. The Financial, Lease, and Advisory segment offers direct finance leasing, sale-leaseback, factoring, entrusted loans, operating lease, and advisory services. Far East Horizon was founded in 2008 and is based in Hong Kong, China.

Sell -