CDH is one of the first China focused alternative asset managers founded by a group of investment/finance professionals, most of whom remain active in the business today, and institutional backers such as GIC. We have since successfully grown our footprint to SEA. We invest across the alternative asset classes in Private Equity, Venture & Growth, Private Credit, Public Equities and Real Assets. Our investments in over 350 leading companies have become the source of China's economic dynamism.
CDH is one of the first China focused alternative asset managers founded by a group of investment/finance professionals, most of whom remain active in the business today, and institutional backers such as GIC. We have since successfully grown our footprint to SEA. We invest across the alternative asset classes in Private Equity, Venture & Growth, Private Credit, Public Equities and Real Assets. Our investments in over 350 leading companies have become the source of China's economic dynamism.
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The 15-year partnership between CDH and WH witnessed the transformation of a local state-owned enterprise in Luohe to a Fortune Global 500 conglomerate. In 2007, CDH acquired controlling stake in Shuanghui, which became a milestone deal in the China buyout history. In 2013, CDH enabled the Smithfield acquisition by Shuanghui, and transformed Shuanghui from “largest in China” to “ largest in the world and Fortune Global 500”. This US$7.1 billion buyout was the largest overseas acquisition by a Chinese private enterprise, and marked the beginning of CDH’s buyout initiatives. Underpinned by CDH’s global resources and expertise, the acquisition received CFIUS approval in 3 months. In August 2013, WH Group, which comprises of Smithfield and Shuanghui, completed its IPO on the main board of Hong Kong Stock Exchange. To date, WH Group has become one of the FMCG Global 50, and is the largest one among five Chinese companies in the list.
Belle International Corporation (“Belle“) had built a profound mutual trust with CDH in the past 17 years and together they realized real “value through time”. CDH has the honor to accompany and assist Belle through the whole path from a shoe leader to a retail empire, and then start a new growth. CDH made its first investment in Belle in 2005, then it assisted Belle to complete its IPO in Hong Kong in 2007. In 2013, Belle and CDH joined hands to acquire another brand called Baroque. Then, as the Belle’s longest partner, CDH became the preferred partner for Belle Hong Kong privatization and successfully completed the MBO with management team and other investors within 3 months in 2017, 12 years after its first investment in Belle. CDH, with its forward-looking prediction of the trend and efficient execution, ensured that the privatization of Belle was completed at the best time. In 2019, Belle split its sports segment “Topsports” and it went public separately. As of today, under the leadership of its founder, Topsports has become the world's second largest sports retailer and Belle has finished the transformation from traditional retail production to all-chain digitization mode and become the excelling representative of Chinese retail industry transformation.
The partnership between CDH and Joyoung is underpinned by long-term companionship and trust, expertise and decisiveness, as well as synergy and strategic execution. In 2007, CDH invested in Joyoung. After Joyoung’s IPO, CDH continued to work closely with Joyoung. In 2017, CDH partnered with Joyoung’s controlling shareholder, to acquire SharkNinja. This large-scale and highly structured cross border buyout was executed swiftly and smoothly, which demonstrates CDH’s robust portfolio ecosystem and unparalleled expertise in cross border buyout. In early 2019, the two parties built an offshore platform, JS Global Lifestyle, which controls SharkNinja and Joyoung, and was subsequently listed on the main board of the Hong Kong Stock Exchange in the same year. Through the SharkNinja acquisition and organic integration with Joyoung, JS Global Lifestyle has become the leading small home appliance company worldwide, with substantial market shares in key markets such as China, US, UK, Japan and Continental Europe. CDH is proud to be part of this symbolic success of China enterprise’s “Go Global” initiatives.
In 2017, CDH Private Credit invested in Trina Solar, a company with steady market share and innovative advantage in the PV field. Trina Solar’s PV cells have set and broken 25 world records in terms of conversion efficiency and module output power. Additionally, Trina Solar has first-mover advantage in 210 large-size modules and distributed solar systems. Moreover, after several rounds of sector cyclicals, Trina Solar can always maintain stable expansion and investment. Since 2011, the company's module shipments have ranked among the top four in the world for 11 consecutive years, with a solid industry leading position. In June 2020, Trina Solar was listed on the STAR Market. CDH Private Credit encourages new energy companies to promote technological innovation and create long-term sustainable value.
SVOLT, developed from the Battery Unit of Great Wall Motors, is a global high-tech company specializing in the development and manufacture of vehicle battery and energy storage.
