【英语中国】RRJ Capital押注中国纸包装行业 RRJ Capital Bets On Chinese Paper Packaging

  • A+
所属分类:双语中国

2014-4-14 15:00

小艾摘要: The focus of private equity investors in China time and again goes back to domestic consumption, an increasingly important growth engine in the world's second largest economy. Asian private equity f ...
RRJ Capital Bets On Chinese Paper Packaging
The focus of private equity investors in China time and again goes back to domestic consumption, an increasingly important growth engine in the world's second largest economy.

Asian private equity firm RRJ Capital has agreed to invest $50 million in one of China's largest paper packaging firms, Nature Packaging Group, according to a person familiar with the situation.

The investment will give RRJ a 'substantial minority' stake in Nature Packaging, he added. RRJ's investment will dilute the stake held by the firm's chairman and founder Lin Shiwang, who will remain invested.

Nature, based in China's southeastern province of Fujian, provides packaging services for sectors including apparel, food and beverage and home appliances. Its customers include beverage conglomerate Hangzhou Wahaha Group Co., liquor maker Tsingtao Brewery, as well as sportswear makers 361 Degrees International Ltd. and Xtep International Holdings Ltd. Nature makes a range of paper products from cartoons, shoe boxes and paper bags, to high-end boxes for belts and cuff links.

The investment gives RRJ a way to capitalize on China's growing consumption, especially among its middle class, said the person. One of the perks of investing in packaging is that the industry is not reliant on the success of any one brand. Investors have gotten into trouble betting on certain chains and brands in China's food and beverage industry, where food scandals, for example, have delivered big blows to the reputation of dairy products produced on the mainland.

China's paper packaging industry is 'very fragmented' and Nature Packaging, because of its large size, is in a position to expand quickly, said the person. The business earns higher margins than upstream services like manufacturing of raw paper products, including paper pulp. Nature Packaging supplies more than half of the paper packaging needs for many of its customers, he added.

The firm, founded in 1978, owns two production facilities in Jinjiang city in Fujian province and another facility in the southeastern city of Xiamen.

RRJ isn't the first private equity firm to cotton on to the attractiveness of packaging companies. U.S. private-equity firm TPG Capital spent $600 million in 2012 on a Taiwanese packaging company that had manufacturing facilities in China, including Shanghai, Guangzhou and Suzhou. The firm, HCP Holdings Inc., produces luxury packaging for cosmetics firms including L'Oreal SA, Shiseido Co., and Procter & Gamble Co.

RRJ, founded in 2011 by former Goldman Sachs Group Inc. banker and founding partner of China-focused Hopu Investment Management Co. Richard Ong, is based in Singapore and Hong Kong. The firm is investing out of a $3.5 billion second pan-Asia fund which it raised last year.

私募股权投资者对中国的关注焦点再次投向了国内消费领域,消费正日益成为中国这个全球第二大经济体重要的增长引擎。

Rich Press/Bloomberg知情人士表示,亚洲私募股权投资公司RRJ Capital已经同意向中国最大的纸包装公司之一的大自然包装集团(Nature Packaging Group)投资5,000万美元。

他还表示,此次入股将令RRJ持有大自然包装集团“大量少数股权”。RRJ入股后,将稀释该公司董事长兼创始人林世旺的股权比重,后者还会继续保持对该公司的投资。

大自然包装集团位于中国福建省,为服装、食品、饮料及家用电器等行业提供包装服务。该公司的客户包括饮料业巨擘杭州娃哈哈集团有限公司(Hangzhou Wahaha Group Co.)、啤酒制造商青岛啤酒(Tsingtao Brewery)以及运动产品制造商361度国际有限公司(361 Degrees International Ltd., 1361.HK)以及特步国际控股有限公司(Xtep International Holdings Ltd. ,1368.HK, 简称:特步国际)。大自然包装集团的纸类产品系列包括卡通纸、鞋盒和纸袋,以及腰带和袖扣的高档包装盒产品。

上述人士称,这一投资将使RRJ得以从中国不断增长的消费、尤其是中等收入阶层的消费中获益。投资包装业的一个有利之处是,该行业并不依赖任何单一品牌的成功。押注中国食品和饮料行业某一连锁商或品牌的投资者已遭遇困境,例如一些食品安全事件已对中国大陆产乳制品的声誉造成严重打击。

该人士表示,中国的纸包装行业非常零散,大自然包装集团凭藉其较大的规模有望实现快速扩张。纸包装业务利润率高于纸产品原料(包括纸浆)制造等上游业务。该人士补充称,大自然包装集团的供货占其许多客户需求的一半以上。

大自然包装集团创立于1978年,在福建省晋江市有两家生产厂,另外在厦门也有一家厂。

RRJ并非首家看到包装类企业吸引力的私募股权公司。美国私募股权公司德太投资(TPG Capital) 2012年对在上海、广州和苏州等中国大陆城市设有工厂的台湾包装企业兴中控股(HCP Holdings Inc.)投资了6亿美元。兴中控股主要为化妆品公司生产高档包装材料,客户包括为欧莱雅(L'Oreal SA)、资生堂(Shiseido Co.)和宝洁(Procter & Gamble Co.)。

RRJ由高盛(Goldman Sachs Group Inc.)前银行家、厚 投资管理公司(Hopu Investment Management Co.)联席创始人王忠信(Richard Ong)于2011年建立,办公地点在新加坡和香港。RRJ将通过去年建立的规模35亿美元的第二只泛亚基金投资大自然包装集团。

本文关键字:双语阅读,小艾英语,双语网站,双语中国,实时资讯,互联网新闻,ERWAS,行业解析,创业指导,营销策略,英语学习,可以双语阅读的网站!
  • 我的微信
  • 扫一扫加关注
  • weinxin
  • 微信公众号
  • 扫一扫加关注
  • weinxin

发表评论

:?: :razz: :sad: :evil: :!: :smile: :oops: :grin: :eek: :shock: :???: :cool: :lol: :mad: :twisted: :roll: :wink: :idea: :arrow: :neutral: :cry: :mrgreen: