Private Equity in China: Challenges and Opportunities
In recent years, access to capital in China was restricted, and the mismanagement of the economy (prior to reform) had taken its toll on the finances, operational capabilities, human resources, and technological know-how of local Chinese companies.Private Equity in China sheds a much needed light on the opportunities that the Chinese finance market offers to private equity firms and reveals how these companies can position themselves strategically to survive and thrive in this dynamic marketplace.No book on investing in China would be complete without providing insight into the political, macroeconomic, and financial landscape of the country. This vital resource offers an overview of the private equity industry with a special emphasis on the differences between investing in the West and in China. To help investors better understand the entire private equity investment cycle, the author has included information on the Inventis Private Equity Model—which gives a clear understanding of the investing dynamics from entry to exit—and provides an insightful review of the opportunities and pitfalls afforded by the newly popular investment vehicle, the Renminbi Private Equity Funds.Private Equity in China's succinct cases illustrate the flourishing and failed ventures of private equity firms operating in China and explore the myriad challenges faced by private equity firms in setting up new funds. Using this important book, investors can tap into the author's valuable experience and keen insights about acquiring companies and turning them around.Drawing on mature observations and an understanding of the more mature private equity market in Western countries, this book looks at the way forward for the Chinese industry and developing companies into "Chinese giants" in the world market.