Growth Capital • Leisure

The Carlyle Group and General Atlantic Invest In Zhejiang New Century Hotel

On November 1, 2007, private equity firm The Carlyle Group and growth capital firm General Atlantic invested in leisure company Zhejiang New Century Hotel

Investment Context
  • This is The Carlyle Group’s 2nd and General Atlantic’s 1st transaction in the Leisure sector.
  • This is The Carlyle Group’s 25th and General Atlantic’s 5th transaction in China.
Investment Fate
  • Zhejiang New Century Hotel went public in 2019.

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Investment Summary

Date November 1, 2007
Target Zhejiang New Century Hotel
Sector Leisure
Investor(s) The Carlyle Group
General Atlantic
Deal Type Growth Capital

Target Company

Zhejiang New Century Hotel

Hangzhou, China
Zhejiang New Century Hotel is a hotel operator and a large hotel operator in China.
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Investors Overview 2

Investor

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


Deal Context for Investor #
Overall 303 of 750
Sector: Leisure 2 of 11
Type: Growth Capital 40 of 114
Country: China 25 of 65
Year: 2007 43 of 52
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-01 Smart Powerr

Xi'an, China

Smart Powerr is a professional recycling energy service provider and we provide a full package of service to our customers, which include: design of waste to energy recycling systems for industrial applications; finance for the waste to energy recycling equipment and devices; civil construction; custom manufacture of waste to energy recycling equipment and devices to the order and specification of others; energy recycling services through operation of energy systems for industrial operations. Smart Powerr was founded is based in Xi'an, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-02 Kramer Junction Co.

Boron, California, United States

Kramer Junction is comprised of five 30-megawatt solar-thermal projects that produce renewable energy under long-term contracts with Southern California Edison. The projects are managed and co-owned by FPL, the industry's leading renewable operator.

Sell $320M
Investor

General Atlantic

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1980
PE ASSETS 105.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in New York, New York.


Deal Context for Investor #
Overall 62 of 365
Sector: Leisure 1 of 1
Type: Growth Capital 24 of 139
Country: China 5 of 33
Year: 2007 16 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-01 B3

Sao Paulo, Brazil

B3 provides equities, futures and commodities exchange. B3 was founded in 2007 and is based in Sao Paulo, Brazil.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-01 amedes

Gottingen, Germany

amedes offers interdisciplinary medical diagnostic laboratory services for patients, office-based physicians, and hospitals. amedes was founded in 1987 and is based in Gottingen, Germany.

Buy -

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