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Highlights |
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The HKVCA PE Fundamentals Breaks New Ground in 2014
The HKVCA’s Private Equity Fundamentals Course, our comprehensive training course designed for those wishing to enhance their knowledge of the core fundamentals of private equity and venture capital, was held this year over a period of four days on September 17-18 and October 8 and 10.
This year for the first time we were especially pleased to have the support of, as co-host, the Hong Kong Exchanges and Clearing, The University of Hong Kong and their MBA program, as well as the MBA program at The Hong Kong University of Science and Technology. Working together with our new partners proved to be a tremendous success as we were able to attract a record number of course attendees: 139 registrants with between 47 and 75 attendees attending each of the course modules. The support also provided the Association with a unique and valuable opportunity to raise the profile of our industry, both among established financial professionals as well as students looking forward to the start of their own careers.
The HKVCA is extremely grateful to each of our course speakers, namely, Marvin Lai of iTM Ventures; Christiaan Kaptein of Arbor Ventures; Scott Peterman of Sidley Austin; K O Chia of Grace Financial; Alice Chow of FLAG Squadron Asia; Lorna Chen and William Chou of Shearman & Sterling; Jesse Sheley and Frank Sun of Kirkland & Ellis; Vincent Warner of Chepstow Capital; Robert Kwok of Ernst & Young; William Ho of CVC Asia; Victor Lee of PwC Hong Kong; Edwarde Webre and Robert Woll of Deacons; Simon Cooke and Neeraj Budhwani of Clifford Chance; John Levack of Electra Partners Asia; Anna Cheung of FountainVest Partners (Asia); Michael Chan of Hong Kong Exchanges and Clearing; Josh Jacob of Hamilton Lane; and Kallan Resnick of Park Hill Group.
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Upcoming Events |
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Limited Seats Available
Sponsored by: 
Fraud Risk in Asia
Nick Gronow, senior managing director of FTI Consulting, will address commonly seen fraud issues in M&A and investing; the importance of due diligence from the financial perspective; and how effective due diligence can help mitigate risk.
This will be a practical, case study driven discussion of:
• The way financial statement fraud is often conducted in Asia
• How to adapt financial due diligence for heightened fraud risk
• Practical tips for financial statement analysis
• Financial due diligence for value creation
Speaker:
Nick Gronow, Senior Managing Director, FTI Consulting
Full speaker's bio can be downloaded here.
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Date: |
October 27, 2014 (Mon) |
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Time: |
12:30 - 14:00 |
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Venue: |
Hong Kong Club, 1 Jackson Road, Central, Hong Kong |
Fee:
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Full Member: One free pass per company
Full Member (additional pass)/Associate Member: HK$400
Non-members: HK$750 per person |
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(Lunch included) |
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CPT: |
1 point |
 
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Sponsored by: 
HKVCA Young Professionals
Charity Fundraising Beer Pong Competition
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Date: |
November 6, 2014 (Thur) |
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Time: |
18:30 - 21:30 |
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Venue: |
Rula Bula, G/F, 58-62 D’Aguilar Street,
Lan Kwai Fong, Central, Hong Kong |
Fee:
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Beer pong team entry fee (Max. 5 persons)
HK$1,250 per team (includes 5 drinks)
Advanced ticket: HK$150 per person (entrance only, includes 1 drink)
Ticket purchase at the door : HK$200 per person (entrance only, includes 1 drink) |
Details can be found on the webpage
To register a beer pong team, please contact David Wu at dwu@hkvca.com.hk
To register individually, please click the button below:
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Limited Seats Available
Sponsored by:  
Don't be mortified - Try Fortified!
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Date: |
November 10, 2014 (Mon) |
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Time: |
18:30 - 20:30 |
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Venue: |
Hong Kong Club, 1 Jackson Road, Central, Hong Kong |
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Theme: |
Don’t be mortified - try fortified! |
Fee:
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Full/Associate Member: HK$450 per person
Non-Members: HK$900 per person |
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Sponsored by:
Legal and regulatory change in China: the impact on private equity
This discussion will focus on the education, healthcare, food and beverage, energy and technology sectors in China, core sectors for private equity investors.
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What are the key recent legal and regulatory changes?
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What other changes are already in the pipeline?
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How are they affecting key sectors for private equity?
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How can private equity investors mitigate risk around continuing legal and regulatory changes?
Speakers:
William Hay, General Counsel, Baring Private Equity Asia
Velisarios Kattoulas, Chief Executive, The Poseidon Group
Brian Schwarzwalder, Partner, Ropes & Gray LLP
Full speakers' bio can be downloaded here.
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Date: |
November 24, 2014 (Mon) |
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Time: |
12:30 - 14:00 |
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Venue: |
Hong Kong Club, 1 Jackson Road, Central, Hong Kong |
Fee:
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Full Member: One free pass per company
Full Member (additional pass)/Associate Member: HK$400 per person
Non-members: HK$750 per person |
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(Lunch included) |
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CPT: |
1 point |
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Member Only Event
Embracing O2O with leading edge
China has become the largest e-commerce market and is also leading the way in business model and solution innovation. At the same time, even consumers in China’s smaller-sized cities are becoming more important to the world’s leading consumer brands given the Chinese consumer’s increased spending power and greater propensity for spending online.
In addition to covering key e-Commerce trends in China, this session will discuss:
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The options traditional offline players have to invest and build omni-channel capabilities
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Ways to leverage digital tools to increase engagement with end customers
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Trends and opportunities to enhance the online ecosystem
Speakers:
Serge Hoffmann, Partner, Bain & Company
Jessica Dai, Manager, Bain & Company
Full speaker's bio can be downloaded here.
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Date: |
December 4, 2014 (Thu) |
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Time: |
12:30 - 14:00 |
Venue:
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Bain & Co. Conference room, 30/F, One International Finance Centre
1 Harbour View Street, Central, Hong Kong |
Fee:
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Full Member: One free pass per company
Full Member (additional pass)/Associate Member: HK$200 per person |
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CPT: |
1 point |
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Sponsored by:
Investment workshop on Education Markets
Part one: Investing in the Education Sector: Strategies for Success
in Education Markets
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What are the drivers of value creation?
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What are the benefits of investing in education?
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What are the challenges of investing in education?
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Which segments of education are most profitable for investment?
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Case studies of successful education deals
Part two will focus on the unique opportunities to be found in China’s Education market:
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Evolution of the Chinese education market
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Which segments in the China market are most attractive?
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What are the key drivers of growth in the prioritized segments?
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What are the challenges presented by the market and how can they be addressed?
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China education investment case studies
Speakers:
Karan Khemka, Partner and Head of Parthenon’s International Education Practice,
The Parthenon Group
Amit Garga, Partner, Head of Parthenon’s China Education Practice, The Parthenon Group
Full speaker's bio can be downloaded here.
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Date: |
December 10, 2014 (Wed) |
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Time: |
14:30 - 17:00 |
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Venue: |
Club Lusitano, 24/F, 16 Ice House St, Central, Hong Kong |
Fee:
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Full Member: HK$200 per person
Associate Member: HK$350 per person
Non-members: HK$700 per person |
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CPT: |
2.5 points |
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Sponsored by:  
HKVCA Christmas Cocktail 2014
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Date: |
December 12, 2014 (Fri) |
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Time: |
18:00 - 20:00 |
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Venue: |
Club Lusitano, 27/F, 16 Ice House Street, Central, Hong Kong |
Fee:
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Full Member/Associate Member: HK$300 per person
Non-members: HK$650 per person |
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Member Only Event
Gala Dinner Cocktail Sponsor:
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Date: |
January 20, 2015 (Tue) |
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Time: |
18:30 – 21:30 |
Venue:
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Hong Kong Country Club, Main Lounge
188 Wong Chuk Hang Road, Deep Water Bay, Hong Kong |
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Date: |
January 21, 2015 (Wed) |
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Time: |
08:30 - 17:30 followed by cocktail reception |
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Venue: |
Hong Kong Convention and Exhibition Centre |
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CPT |
6.5 points |
Full Speakers list can be viewed here
Sponsors list can be viewed here
Other Supported Events:
PwC Entrepreneur Forum 2014
24 Oct 2014
The 2014 StartmeupHK Venture Programme
11 Nov 2014
AVCJ Forum 2014
11-13 Nov 2014
TiE HK Investors' Forum 2014 (TIFII 2014)
14 Nov 2014
German Private Equity Conference
5 Dec 2014
FT Non-Executive Directors Diploma
Business of IP (BIP) Asia Forum
4-5 Dec 2014
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New Members Welcome
Associate Members
ANZ Bank
ANZ is one of the four largest banks in Australia, and the largest bank in New Zealand, with market capitalisation of AUD84 billion and total assets of AUD703 billion as at 30 September 2013. ANZ operates in 33 markets globally and is represented in 15 markets across Asia and 12 markets across the Pacific, with more than 1,300 points of representation globally (branches and offices). ANZ provides a range of institutional, commercial, retail, wealth management and private banking solutions to around 8 million customers globally.
I-OnAsia Limited
I-OnAsia is a leading international business intelligence, security and risk management consultancy. With headquarters in Hong Kong, and more than 50 full-time consultants in locations around the world, I-OnAsia offers creative and reliable solutions to complex security and risk management business challenges. In operation since 2001, I-OnAsia provides due diligence, qualitative research and employee screening services as well as investigative work into fraud and other white-collar crimes, including theft of trade secrets.
Weil, Gotshal & Manges
Weil has been a preeminent provider of legal services for more than 80 years. Weil’s lawyers regularly advise clients globally on their most complex litigation, corporate , restructuring, and tax and benefits matters. With 20 offices worldwide, Weil has been a pioneer in establishing a geographic footprint for our clients.
Recent Events Report
Female Leadership: Key Challenges in the Fundraising Process
August 29, 2014
On August 29, 2014, the HKVCA hosted its first ever women-focused luncheon talk, held at the offices of Latham & Watkins and attended by a record high number 90 members and guests. The discussion provided practical insight into the experiences and obstacles that women entrepreneurs encounter during the fundraising process and what investors can do to help women address these challenges. Special thanks to our moderator, Allison Baum from Fresco Capital Advisors, and speakers, namely, Camille Tang from ConvenientPower Group, Cat Purvis from Exicon, Linda Wu from Gowell Software and Diana Olteanu-Veerman from 85Broads Hong Kong.
An on-the-ground view of the current state of the Chinese real estate industry
September 15, 2014
A luncheon talk delivered by Christina Gaw, Managing Principal of Gaw Capital Partners, and Jie Gong, Partner at Pantheon Ventures, was held on September 15, 2014 at the China Club. Providing substantive information on the latest developments in Chinese real estate from an investor perspective, the event was supported by accounting firm KPMG. Close to 70 members were in attendance, highlighting the increasing interest of private equity in the real estate sector.
HKVCA LP Brownbag Luncheon
September 29, 2014
The HKVCA's LP Committee hosted an LP-only luncheon at PwC on September 29. Members discussed the topic of valuation of GP portfolio positions in venture capital portfolios as well as the tax implications of various IPO strategies.
Shanghai Free Trade Zone
October 21, 2014
The HKVCA hosted a luncheon talk discussing the implementation and practicability of opening fund accounts in the newly opened Shanghai Free Trade Zone. The luncheon, held at the China Club, attracted more than 60 members. We would like to thank Fangda Partners for their sponsorship of this most successful event and for hosting the discussion on this timely and important topic.
Industry News
Morgan Stanley PE Asia backs Hong Kong financial advisor AMTD
Tue, Oct 21, 2014
(AVCJ by Tim Burroughs) - Morgan Stanley Private Equity Asia (MSPEA) has invested an undisclosed sum in AMTD, Hong Kong’s leading independent financial planner (IFA) and insurance broker.
The PE firm will work with AMTD's existing backer, Cheung Kong Group, to develop the company's financial planning and asset management businesses for high-net worth customers in Greater China. In particular the investment is intended to augment AMTD's product range, market knowledge and operational capabilities.
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QIA pays $616m for stake in Hong Kong department store operator
Mon, Oct 20, 2014
(AVCJ by Tim Burroughs) - Qatar Investment Authority (QIA) has bought a 19.9% stake in Lifestyle International Holdings – a Hong Kong-listed retailer whose properties include SOGO department stores – for HK$4.78 billion ($616.2 million).
According to a regulatory filing, a vehicle owned by the Middle East sovereign wealth fund has agreed to buy 324.2 million shares in Lifestyle International at HK$14.75 apiece. The stock hasn't traded since September 24, when it closed at HK$14.60.
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Shaw Kwei & Partners Invest $40M In Germany's Schmid Group
Wed, Oct 15, 2014
(China Money Network by staff writer) - Asian private equity manager Shaw Kwei & Partners has invested US$40 million in Germany's Schmid Group through the purchase of Schmid's convertible bonds, according to a company announcement.
No other details of the investment were disclosed.
Schmid says it will use the proceeds for expanding its business in Germany and China to meet rising customer orders.
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Baring Asia reaches $3.2b first close on Fund VI
Tue, Oct 14, 2014
(AVCJ by Andrew Woodman) - Baring Private Equity Asia has reached a $3.2 billion first close on its sixth pan-regional fund, exceeding its original target of $3 billion for the entire vehicle.
LPs were informed of the close at the end of last week, according to a source familiar with the situation. AVCJ was previously told that the fund has a hard cap of $3.85 billion, not including the GP contribution. Baring declined to comment.
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