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RJ Capital and Tempus Group Set Up New Fund to Catch the Consumption Upgrade Trend in China

First Fund Will Be No Less Than USD 300 Million
2017-08-15 09:00 1612

HONG KONG, Aug. 15, 2017 /PRNewswire/ -- RJ Capital Group, in partnership with Tempus Holdings of Tempus Group, founded TBRJ Asset Management in July 2017. It will launch a new USD $300 million fund focused on the consumption upgrade trend in China. Tempus Group will provide full support in terms of capital and industry resources.

The first fund targets the consumption upgrade in China, focusing on sectors such as travel, leisure and cross-border consumer trading and logistics. It is seeking investment targets that may have potential synergies with Tempus Group, especially international companies that have a solid operation base, powerful brand and strong management team.

Tempus Group, which generates more than RMB 80 billion annual sales, ranked 206th of the Top 500 Corporations in China in 2016, is in the Top 40 private enterprise in China, and is a Top 10 company in Shenzhen. It has built a solid foundation in travel services, cross-border commerce and trade logistics, among other sectors. Globalization has become a core strategy for Tempus Group as the group continues expanding in overseas markets on the back of the transformation of Chinese consumption. As its international listed flagship, Tempus Holdings can play a significant role in coordinating resources for the investment fund and supporting investment decision with rich industry knowledge.

RJ Capital Group is an industry-focused investment management and advisory firm founded in 2016 by three senior partners who have decades of working experience with prestigious global investment banks and private equity funds. The core members have led and participated in many landmark cross-border M&A cases. They have on average nearly twenty years of experience working in international capital markets, with a profound understanding of the differences between Chinese and Western enterprises with respect to corporate culture, operation models and management philosophy.

TH Capital, one of the best TMT investment banks in China, is an investor of RJ Capital. Liangjing SONG, Founding Partner and CEO of TH Capital, indicated that the investment in RJ Capital is an important strategic move with careful considerations. "The future economy of China will be a combination of the new economy and the core industries, in which business and capital will be closely linked with M&A being a key driving force. RJ Capital has a deep understanding of the enterprises and entrepreneurs of core industries, while TH Capital has unrivalled track record and research capacity in the new economy. By investing in the highly experienced team of RJ, TH Capital will be able to accelerate its progression into merger and acquisition. Both companies are committed to research-driven and value-creating business principles and believe that we will make great partnership and generate significant business synergies by practicing the same business language, research methodology, and capital perspectives in unifying the new economy and core industries."

Tempus Group and RJ Capital have intimately collaborated in overseas M&A projects since 2016. The teams have developed a trusted partnership leveraging the highly complementary strengths of both sides. The establishment of the fund management company is to form a stronger alliance in combining industry resources and capital to further explore global investment opportunities.

"The establishment of the M&A fund is an important strategic decision for both Tempus and RJ, after in-depth cooperation and with high mutual respect, which will open a new chapter of overseas M&A and capital management for Tempus Group. Tempus Group is committed to building a global value chain with critical resources, leading market position and competitive advantages in trade and logistics, and travel. RJ Capital has a wealth of experience in global M&A, a well-developed research system, and a remarkable team of highly skilled and dedicated people. In a historic era of capital-driven economy, this strategic cooperation will contribute to value creation for shareholders, consumers, and the whole industry." says Mr. Jacky HUANG, Director of Tempus Group and Vice Chairman of Tempus Holdings.

"Our core strategy includes matching capital with real business, connecting China with global resources, and structuring multiple levels of funding," said Ms. Yao LIU, Founding Partner and Chairman of RJ Capital Group. "by partnering with leading and aspiring Chinese enterprises such as Tempus Group and through smart, rational and highly efficient international acquisition and business integration, we can support the strategic transformation and industry consolidation of our corporate partners while also achieving excellent returns for our investors. These goals and philosophies are the ultimate aspiration and vision of RJ Capital."

About RJ Capital Group

RJ Capital Group is an industry-focused investment management and advisory firm founded in 2016 by three senior partners who have decades of working experience with prestigious global investment banks and private equity funds. The core members have led and participated in many landmark cross-border M&A cases.

Source: RJ Capital Group
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