On May 18, Hermitage Capital announced that former JP Morgan investment banker Henry Zhang would join the company as chairman and managing partner.
Henry Zhang has over a decade of investment banking experience and has held various leadership roles in high growth investment banks, including Executive Director of Investment Banking at JP Morgan, responsible for investment banking in the transportation, logistics and enterprise technology sectors in China; Vice President and COO of China Investment Banking at Morgan Stanley; and associate director of the Asia-Pacific Investment Banking department at UBS. He has successfully led and participated in over 60 transactions with a total value of over $ 60 billion. Some of its flagship deals include the $ 4.2 billion Hong Kong IPO of Meituan Dianping (the world’s largest community e-commerce IPO), the $ 1.4 billion IPO US dollars from ZTO Express (the largest IPO in the US in 2016) and $ 1.1 from BOC Aviation. Hong Kong IPO (the world’s largest ever leasing IPO) and SF Holding’s RMB 43.3 billion backdoor listing.
In addition, Henry Zhang has led numerous cross-border mergers and acquisitions in China and played a key role in important negotiations. Among the selected transactions, we can cite the acquisition of 49% of the capital of 10 world ports under CMA CGM on behalf of China Merchants Port, the acquisition of 51.8% of the capital of Kerry Logistics on behalf of SF Holding, the acquisition of Toulouse airport in France on behalf of Shandong Expressway and FPI, the sale of Istanbul Kumport (Turkey’s third port) to a Chinese consortium made up of China Merchants Group, COSCO and China Investment Corporation, the sale of a minority stake in Autostrade per l’Italia (Italy’s largest expressway operator) to the Silk Road Fund.
Sean Xiang, Founder, Chairman and CEO of Hermitage Capital, said, “Henry Zhang has over a decade of experience in China and global financial markets. We believe that with his unique industry knowledge and exceptional deal-seeking ability, he will play a key role in making Hermitage Capital a leading private equity fund in Asia. I am very much looking forward to working closely with Mr. Zhang to continue to invest in leading companies in the new economy sectors in China and to create excellent returns for our LPs.
Henry Zhang said, “Since its inception in 2017, Hermitage Capital has grown into one of the fastest growing private equity firms in Asia. Hermitage Capital’s partners were all drawn from leading global financial institutions. I am excited to join this platform and look forward to working with the best talent in the industry. “
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