165438+1On the evening of October 29th, according to the documents of HKEx, Shenzhen Tiantu Investment Management Co., Ltd. (referred to as "Tiantu Investment") passed the listing hearing of HKEx. Tiantu Investment is a private equity investment institution focusing on consumer goods investment in China. As of June 30 this year, its total assets management scale reached 24.7 billion yuan, with accumulated investment in more than 200 companies.
Listing in Hong Kong is only a small step.
Tiantu Investment is a private equity investor and fund manager, dedicated to promoting the development of consumer brands and companies in China. It first announced its upcoming IPO in Hong Kong on May 19 this year, and formally submitted its prospectus to the Hong Kong Stock Exchange on June 30. In June 5438+10, Tiantu Hong Kong IPO was approved by the Securities and Futures Commission.
165438+1On the evening of October 29th, Tiantu Investment successfully passed the listing hearing of the Hong Kong Stock Exchange, just one step away from listing, with JPMorgan Chase and Huatai International as its co-sponsors.
According to the hearing materials, as of June 30th, the total assets management scale of Tiantu Investment was 24.7 billion yuan, including consolidated fund management165.438+0.6 billion yuan, non-consolidated fund management 8 billion yuan and direct investment 5.2 billion yuan. In addition, the funds raised by external investors reached 654.38+004 billion yuan, of which institutional investors accounted for 95.5%.
The fund LP of Tiantu Investment is mainly composed of well-known multinational companies and financial institutions, government-guided funds and other institutional investors and high-net-worth people.
According to the data, Tiantu Investment was established on 20 10, and both the legal person and the actual controller are Wang Yonghua. The predecessor of the company can be traced back to 2002. It is the first investment company focusing on consumption in China and has been focusing on the consumer industry for a long time.
The hearing materials also showed that Tiantu Investment realized investment income of 56.039 million yuan, 38.602 million yuan, 34.823 million yuan and 2088 1 10,000 yuan in 2020, 2002 and the first half of 2022 respectively, and recorded total income of 545 million yuan and 600,000 yuan respectively.
Invest in many star brands
According to the hearing materials, from 20 19 to 20021year, Tiantu ranked third among all private equity investors, second only to Tencent Investment and Sequoia China, and ranked first among all private equity enterprises focusing on consumption.
Tiantu Investment said in the hearing materials that as of June 30, the company had invested in 222 portfolio companies, of which 65,438+080 companies covered food and beverage, clothing, medical care and other consumer fields, and 42 companies involved in other industries (such as biotechnology and science and technology industries). The investment covers many successful cases, including Zhou Heiya, China He Fei, Milk Snow Tea, Xiaohongshu, Modern China Tea Shop, Baiguoyuan and Department Store.
Tiantu Investment also cited as an example that the company was the lead investor in the first round of financing of Zhou Heiya 20 10. Six years later, Zhou Heiya was listed on the Hong Kong Stock Exchange, and its market value increased by more than 20 times. The company is also the only institutional investor in Xuecha's earliest round of financing.
Attract long-term funds to enhance strength
Jia Zhi, managing director of the Asset Management Department of Hualin Securities, told china securities journal that private equity investment has a long cycle and strong professionalism, and the Matthew effect is obvious among private equity investment institutions. Tiantu Investment chose to list on the Hong Kong Stock Exchange. On the one hand, it needs to attract long-term funds to enhance its strength, on the other hand, it needs to improve its brand reputation. The track in the consumer industry is just one of the many investment directions of Tiantu Investment. Investors should make comprehensive judgments according to their own investment preferences and acceptable investment cycles.
Chang Chunlin, founder and partner of Beijing Real Estate Investment Management Co., Ltd., told reporters that the capitalization of PE/VC is an inevitable trend of domestic PE/VC development. Capitalization of PE/VC can effectively supplement the capital of PE/VC, enlarge its fund management scale, help to give full play to the functions of private equity funds, support the development of innovative small and medium-sized enterprises, and support the high-quality development of the real economy. Tiantu Investment's attempt to make a capital market path for the venture capital industry to list in Hong Kong stocks is worthy of recognition, and it also opens the way for the capitalization of the private equity industry.