Shanghai, November 13, 2008 --- FountainVest Partners (“FountainVest”) today announces the official opening of its Shanghai office as the base for its China investment business.  Founded in December 2007, FountainVest is one of the largest private equity funds dedicated to investing in Chinese enterprises.  Despite the global financial market turmoil, FountainVest successfully raised close to USD1 billion, exceeding its original target.

 

FountainVest has attracted backings from leading international investors such as Canada Pension Plan Investment Board, Ontario Teachers’ Pension Plan, and Temasek Holdings, as well as others from Asia, Europe, and North America.  Many of the investors have selected FountainVest as their first platform to enter into China’s private equity market.

 

FountainVest intends to complete 15-20 investments in China in the next four to five years, focusing on the emerging leaders who are driving, and who have been benefiting from, China’s transformational changes in terms of consumption, urbanization, and sustainable development.  FountainVest seeks to partner with the new generation of entrepreneurs as they build the industry champions of tomorrow in China and globally.

 

FountainVest is managed by a dynamic and driven team, including its four partners Frank Tang, Terry Hu, George Chuang, and Chenning Zhao.  They have worked together for many years, including working together at a premier Asian investment firm, where they helped to build a multi-billion US dollar investment portfolio in China.  Previously, they had also led and advised on many successful restructuring, mergers and acquisitions and IPOs for Chinese companies.   

 

Frank Tang, CEO of FountainVest, says: “FountainVest is dedicated to helping the new generation of entrepreneurs who are, or have strong potential to become, industry leaders.  Our team’s in-depth local knowledge, international capital market experience, and fully localized decision-making make us a desired partner.  Working with these Chinese entrepreneurs, we seek not only to provide capital, but importantly to add strategic value in their next phase of growth.” 

 

“Despite the global economic downturn, we are optimistic about China’s long term growth prospects.  We believe that the investment opportunities in China have just begun to emerge.  The transformation of consumption in China will be the driving force for growth in the coming decades.”  Mr. Tang continues, “FountainVest is focused on China, and committed to building the future champions in China and globally by establishing solid partnerships with Chinese entrepreneurs.”

 

For more information, please contact

Brunswick Group

Caroline Jinqing Cai	Kejia Wu
Tel：+86 (10) 6566-1241	Tel：+86 (10) 6566-4651
Email：jcai@brunswickgroup.com	Email：kwu@brunswickgroup.com

 

About FountainVest

As one of the largest private equity funds dedicated to Chinese enterprises, FountainVest manages close to USD 1 billion.  Major investors of FountainVest include Canada Pension Plan Investment Board, Ontario Teachers’ Pension Plan, and Temasek Holdings.  The management team of FountainVest has a long history of working together.  The Company has offices in Hong Kong and Shanghai.