M&A Deal Summary

Hupomone Capital Partners Acquires Jiangxi Jinko Solar

On January 1, 2008, private equity firm Hupomone Capital Partners acquired renewable energy company Jiangxi Jinko Solar

Acquisition Highlights
  • This is Hupomone Capital Partners’ 1st transaction in the Renewable Energy sector.
  • This is Hupomone Capital Partners’ 5th transaction in China.
Investment Fate
  • Jiangxi Jinko Solar went public in 2022.

M&A Deal Summary

Date 2008-01-01
Target Jiangxi Jinko Solar
Sector Renewable Energy
Buyer(s) Hupomone Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Jiangxi Jinko Solar

Shanghai, China
Jiangxi Jinko Solar is a domestic provider of monocrystalline and multi crystalline silicon ignots and wafers. Jiangxi Jinko Solar was founded in 2006 and is based in Shanghai, China.

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Buyer(S) 1

DESCRIPTION

Hupomone Capital Partners is a China-focused private equity group that targets businesses in a variety of sectors with significant growth potential and high barriers to entry. Hupomone is an active, 'hands-on' investment group looking to help portfolio companies with strategic planning, operations, financial discipline, and 'internationalization'. Sectors of interest include energy, environmental services, technology, and healthcare. Hupomone's principals were formerly with H&Q Asia Pacific. Hupomone is based in Beijing with an additional office in Singapore.


DEAL STATS #
Overall 5 of 5
Sector: Renewable Energy M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 5 of 5
Country: China M&A 5 of 5
Year: 2008 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 Shanghai Zesun Navigation Electron Technology

Shanghai, China

Shanghai Zesun Navigation Electron Technological designs and manufactures marine navigation radar systems. The company is the first and only local company to supply the ARPA radar and AIS data pur-suant to the International Marine Organization regulations. Shanghai Zesun Navigation Electron Technology was founded in 2002 and is based in Shanghai, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-27 SolarTec AG

Munich, Germany

Solar*Tec is one of the few PV companies active in all three generations of PV technologies: crystalline silicon, thin film and concentrator PV. It is building the world's first dedicated ultra-white solar glass float glass plant with TCO coating in Germany and has obtained government approval for another one in Malaysia. Its emerging dominance in the solar glass supply chain has the capacity to generate a virtuous cycle to feed high quality lower cost PV modules to its division that is building large PV power plants.

Sell -