After Zong Qing, China's richest man, Zhong Sui, also entered the private placement!
According to the information on the official website of the China Foundation Association, recently, "Guanzi Private Equity Fund Management (Hangzhou) Co., Ltd." completed the filing and registration, which is wholly owned by Yangshengtang Co., Ltd., and its actual controller is Zhong Shui, the founder of Nongfu Shanquan and the 67-year-old richest man in China.
Prior to this, The founder of Wahaha, 75-year-old Zong Qinghou, just obtained the fund qualification on July 12 and served as the legal representative and general manager of Zhejiang Wahaha Venture Capital Co., Ltd. This will also be the second time that Zhong Andi and Zong Qinghou have met in the capital market after many years of confrontation in the industrial battlefield.
Yangshengtang is wholly owned, and Zhong Is the actual controller
According to the information on the official website of the China Foundation Association, Guanzi Private Equity Fund Management (Hangzhou) Co., Ltd. is a private equity and venture capital fund, which can engage in private equity investment funds, private equity investment fof funds, venture capital funds, venture capital fof funds and other businesses.
The private placement was just established on March 23 this year, registered on September 16, with a registered capital of 30 million yuan, a paid-up ratio of 100%, and the registered and office address are in Xihu District, Hangzhou, Zhejiang. Up to now, the company's management scale is in the range of 000 to 500 million yuan, with 6 full-time employees and 4 people who have obtained fund qualifications.
It is worth noting that the public information of the China Foundation Association shows that Guanzi Private Equity Fund Management (Hangzhou) Co., Ltd. is 100% wholly owned by Yangshengtang Co., Ltd., and the actual controller of the company is Zhong Sui, the founder of Nongfu Spring and the 67-year-old richest man in China. This is also another industrial veteran who has entered the private equity circle after the 76-year-old Zong Qinghou obtained the fund qualification.
According to public information, Zhong served as the chairman of Guanzi Private Equity Fund, in addition, the main members of the company also include general manager Chen Hao, director Xue Lian, supervisor Li Yamei and so on.
Among them, General Manager Chen Yi has more than 20 years of experience in the financial industry, once served in the investment banking department of China Southern Securities and CICC, joined CICC Capital Operation Co., Ltd. as a managing director in March 2004, became the general manager of the equity investment department of Yangshengtang Co., Ltd. in March 2021, and served as the legal representative and general manager after the establishment of Guanzi Private Equity Fund.
In addition, Shi Jin, the person in charge of compliance risk control and information filling, has served in COFCO Trust and CITIC Agricultural Industry Fund, and has many years of legal work experience.
As a cutting-edge private placement that has only been established for half a year, Guanzi Private Equity Fund has moved rapidly and has begun to invest in foreign investment.
According to the information of Tianyancha, Guanzi Private Equity Fund invested in the establishment of a company on April 8 this year - Guanzi Management Consulting (Lishui) Partnership (Limited Partnership), with a registered capital of 10 million yuan, of which Zhong Shui held 90% of the shares with 9 million yuan, which is the major shareholder, and Guanzi Private Equity Fund held 10% of the shares with 1 million.
In addition, Guanzi Management Consulting (Lishui) Partnership (Limited Partnership) is also the legal representative and executive partner of Guanzi Equity Investment (Lishui) Partnership (Limited Partnership) and Chengguang Management Consulting (Lishui) Partnership (Limited Partnership), with registered capitals of UP 2.015 billion yuan and RMB403 million respectively.
The shopping mall of the two major "Water King" clashed
Talking about Zhong Sui, I have to mention that after Zong Qing, the two entrepreneurs have been fighting in the mall for many years, not only have they founded two major national beverage brands, they have been rated as the richest man in China, and this time they have entered the private equity before and after, which can be said to have a lot of origins.
Born in 1954 in Zhuji, Zhejiang Province, Zhong was forced to drop out of school when he reached the fifth grade of primary school, worked as a bricklayer and carpenter, and later went to the University of Electricity and Electricity at the suggestion of his parents, and after graduation, he first managed infrastructure construction in zhejiang province, and then went to jiangnan magazine and the rural department of Zhejiang Daily as a reporter, this experience helped Zhong Tosui accumulate a lot of network resources.
At the beginning of 1988, the state officially approved the establishment of the Hainan Special Economic Zone, and a wave of Hainan gold rush was set off in society. At that time, many pages of the Zhejiang Daily were reporting, which made Zhong Shuyi feel itchy, and he decided to join the gold rush and start his journey as a businessman, after which he tried to grow mushrooms, sell curtains, raise shrimp and other businesses, but it was all over.
In that era, due to people's lack of health knowledge, health care products were extremely popular, in 1984 Li Jingwei's "Oriental Magic Water" Jianlibao turned out to be born, the sun god, three strains of oral liquid, brain gold, etc. gushed out, in 1987, Zong Qinghou founded the Wahaha was also formally established, and its research and development of "Wahaha Children's Nutrition Oral Liquid" was favored by the market.
In 1991, Zhong saw a business opportunity, and in 1991, Zhong won the general distributor qualification of Wahaha Oral Liquid in Hainan and Guangxi provinces. He transported the low-priced Wahaha oral liquid from Hainan in the special economic zone to Zhanjiang, Guangdong Province, and sold it at a high price, earning the difference in price from it, but it was not long before this "string of goods" business was discovered by Zong Qinghou and directly deprived him of the wahaha agent qualification. This was Zong Qinghou's first confrontation with Zhong In the mall.
Zhong Xiao was not willing, he continued to expand the health care product industry, in 1993 established Hainan Yangshengtang Pharmaceutical Co., Ltd., and through the local gold diggers often eat turtle turtle pot soup made of turtle and turtle pills, once the product was launched by the market sought after, and then, Yangshengtang launched a series of products, such as happy growth, clear mouth lozenges, duo and capsules, etc., these health care products for Zhong Jing eyelids to dig the first bucket of gold in the real sense.
However, the health care products industry gradually withered after the supervision of the shot, and Zhong Andi and Zong Qing also fled this place of right and wrong, and coincidentally shifted their focus to the beverage market. In 1995, Wahaha launched pure water; in 1996, Zhong Returned to his hometown and founded Zhejiang Qiandao Lake Yangshengtang Drinking Water Co., Ltd., which is the predecessor of Nongfu Spring.
This time, Zhong Stood on the same track as a competitor with Zong Qinghou. In 1997, Yangshengtang launched the "Nongfu Spring" brand bottled water, and in 2000, it overturned pure water and proposed the concept of "natural water", with "we produce water, we are nature's porters", "Nongfu Spring is a little sweet" and other slogans quickly occupied the market.
In June 2000, Zong Qinghou, as the leader of the pure water faction, led a coalition of 69 enterprises, including Wahaha, Lebaishi, Shanghai Zhengguanghe, to jointly denounce Nongfu Shanquan and sue Yangshengtang Drinking Water Company on the grounds of "unfair competition". However, this huge crusade has made the "Nongfu Spring" brand famous and well-known. By 2001, Nongfu Spring's bottled water market share surpassed Wahaha's ranking first.
Although there have been many grudges, there is also a sympathy between Zhong Andi and Zong Qinghou between competitors. Zhong has always had great respect for Zong Qinghou, and when Nongfu Shanquan encountered the "Arsenic Gate" crisis in 2009, Zong Qinghou also publicly supported it.
As the founder of Wahaha Group, Zong Qinghou was the richest man in China three times in 2010, 2012 and 2013, but from 2015, Wahaha's performance began to plummet, while Zhong Jingxiao began to catch up, while expanding the product line of Nongfu Spring, while showing his fists in the capital market.
In 2001, Yangshengtang invested 17.1 million yuan to acquire 95% of the shares of Wantai Biologics. Wantai was already engaged in the business of in vitro diagnostic reagents and vaccines at that time, but there were no bright spots in both research and development and performance. However, in 2020, Wantai Bio launched the first domestic HPV vaccine, breaking the monopoly of foreign countries, and successively won 26 up and down boards after listing, as of the close of september 17, 2021, the total market value of Wantai Bio has been 116 billion yuan.
In September 2020, Nongfu Spring, founded by Zhong, was listed on the Hong Kong Stock Exchange, and on the first day of listing, it opened at HK$39.8 per share, with a total market value of HK$445.292 billion. So far, it is the first anniversary of the listing, and the latest closing price is HK$38.75 per share, with a total market capitalization of HK$435.8 billion.
According to the recent interim report disclosed by Nongfu Spring, the company's total revenue in the first half of 2021 was 15.175 billion yuan, an increase of 31.4% year-on-year; the net profit was 4.013 billion yuan, an increase of 40.1% year-on-year. At the same time, thanks to the increase in the company's product sales, changes in product structure and effective control of pet costs, the gross profit and gross profit margin of Nongfu Spring were further improved, with gross profit of 9.241 billion yuan in the first half of the year, an increase of 33.7% over the same period last year, and the gross profit margin also increased by 1% to 60.9%.
According to the 2021 Forbes Global Rich List, Zhong ranked thirteenth in the world with a wealth of 68.9 billion US dollars (about 445.473 billion yuan), ranking the richest man in China.
Numerous well-known businesses and entrepreneurs have ventured into PE/VC
In addition to the above two beverage industry giants, it is not uncommon for well-known companies or entrepreneurs to enter the private equity circle, especially in the pe/vc industry.
For example, in the snack industry, Absolute Taste Food and Qiaqia Food jointly established Sichuan Chengdu Xinjin Yiwu Equity Investment Fund Partnership (Limited Partnership) to invest in the pan-food and beverage industry, focusing on investment opportunities in halogen products, chain catering, snack food, condiments, pet food, food supply chain and other industries. The managing partner of the private equity fund is Wu Huiling, with a registered capital of 1.1 billion yuan, and its business scope includes equity investment, investment management, asset management and other activities with private equity funds.
The phenomenon of Internet technology giants devoting themselves to PE/vc is more common, such as Yunfeng Fund, in which Jack Ma participates, Legend Capital and Hony Investment, which are owned by Lenovo.
For example, Lei Jun and Xiaomi have two equity private placements - Shunwei Capital and Xiaomi Yangtze River Industry Fund, Lei Jun is the chairman of the board, and the information of the Fund Industry Association shows that Lei Jun has obtained the qualification of the fund industry, and the qualification method is qualification identification. Among them, Shunwei Capital was founded in 2011 and currently manages three US dollar funds totaling US$1.75 billion and two RMB funds of 2 billion yuan, with more than 100 investment projects, including iQiyi, Weilai Automobile, Qutoutiao, Lilac Garden, Lalala, Platypus, Luoshi Robot, asinking Lingxing and other well-known enterprises.
On April 23, 2019, Huawei Investment Holding Co., Ltd. established a new wholly-owned subsidiary, Hubble Technology Investment Co., Ltd., with a registered capital of RMB 700 million, 100% controlled by Huawei Investment Holding Co., Ltd., and its business scope is venture capital business. The company's legal representative, chairman and general manager are All Bai Yi, who is the president of Huawei's Global Financial Risk Control Center and previously served as vice president of Huawei's financial management office.
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