Hony Capital

Hony Capital, founded in 2003 and sponsored by Legend Holdings, is a prominent Chinese private equity firm specializing in investments across various sectors, including pharmaceuticals and healthcare, consumer products, food and beverage, media and entertainment, environmental protection, new energy, and machinery and equipment manufacturing. The firm manages approximately US$13 billion in assets and has invested in over 100 companies, both domestically and internationally. Its portfolio includes notable companies such as China Shijiazhuang Pharmaceutical Group (CSPC), Zoomlion, China International Marine Containers (CIMC), Suning, Shanghai City Investment Holdings, Shanghai Jin Jiang International, ENN, PizzaExpress (UK), STX Entertainment (US), WeWork (US), I-Mab Biopharma, COFCO Capital, and Zoomlion Environmental Industry (Zoomlion-Enviro). The combined assets of these companies total about RMB 2.9 trillion, with sales volume of RMB 860 billion, providing more than 450,000 jobs. Hony Capital's investment philosophy centers on 'Value creation, Price Realization,' focusing on the development of China's real economy. The firm has expanded its investment strategy to include real estate, hedge funds, mutual funds, and venture capital, aiming to lead the development of industries according to China's macroeconomic situation and industry changes. In 2014, Hony Capital established Grand Accordia Healthcare Group and Hochii Restaurant Management Group, marking its initiative in platform investment. The firm is committed to being a people-oriented, trustworthy, and respected financial services company. Hony Capital's investors include Legend Holdings, the Chinese Academy of Sciences Holdings Co., Ltd., the National Social Security Fund, China Life Insurance, and leading investment institutions such as Goldman Sachs, Temasek, European and US pension funds, and endowment funds. The firm's global presence includes investments in the United States, United Kingdom, Italy, Australia, South Korea, and Japan, reflecting its commitment to international expansion and value creation. Hony Capital's leadership includes John Zhao, its founder and CEO, who also serves as Executive Vice President of Legend Holdings. Under his guidance, the firm has become a pioneer in China's private equity industry, focusing on large state-owned enterprises and restructuring them to increase profits, as well as investing in overseas consumer brands to expand their presence in China. Hony Capital's track record demonstrates its ability to adapt to changing market conditions and its dedication to creating value for its investors and portfolio companies.