Buyout (LBO, MBO, MBI) • Machinery

Hony Capital Acquires Zoomlion

On May 1, 2006, private equity firm Hony Capital acquired machinery company Zoomlion

Acquisition Context
  • This is Hony Capital’s 1st transaction in the Machinery sector.
  • This is Hony Capital’s 4th transaction in China.

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M&A Deal Summary

Date May 1, 2006
Target Zoomlion
Sector Machinery
Buyer(s) Hony Capital
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Zoomlion

Hunan, China
Zoomlion is a construction and mining equipment manufacture. Its products include concrete equipment, truck-based cranes, tower cranes, road-work machinery and municipal sanitation equipment. Zoomlion was founded in 1992 and is based in Hunan, China.
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Buyer Overview 1

Buyer

Hony Capital

Beijing, China

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 13.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Hony Capital (Beijing) Co., Ltd. is a private equity firm focused on investment opportunities across China. The Firm targets buyouts and commercializations of Chinese state-owned enterprises as well as growth capital investments in rapidly-growing private Chinese companies. Hony's primary focus is within the construction materials, pharmaceuticals, construction machinery, retail, and consumer goods sectors, however, the firm will also consider opportunities in media/entertainment, financial services, energy, and resources. Hony is a long-term investor and is sponsored by Legend Holdings, parent of computer maker Lenovo amongst other properties. Hony Capital is located in Beijing, China.


Deal Context for Buyer #
Overall 4 of 41
Sector: Machinery 1 of 2
Type: Buyout (LBO, MBO, MBI) 2 of 9
Country: China 4 of 31
Year: 2006 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-1 Simcere Pharmaceutical

Nanjing, China

Simcere Pharmaceutical is a manufacturer and supplier of branded generic pharmaceuticals and manufacturer of the patented anti-cancer drug Endu in the rapidly growing China market. The company currently manufactures and sells more than 50 pharmaceutical products and is the exclusive distributor of three additional pharmaceutical products marketed under its own brand name. Simcere Pharmaceutical was founded in 1995 and is based in Nanjing, China.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 Jushi Group

Tongxiang, China

Jushi Group is a fiberglass manufacturer worldwide. Its products are sold to over 30 provinces in China and exported to nearly 60 countries and regions including North America, Middle East, Europe, Southeast Asia and Africa. Jushi Group is based in Tongxiang, China.

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