|
|
|
|
|
HONG KONG, May 19, 2021 - (ACN Newswire) - On May 18, Hermitage Capital announced that former J.P. Morgan investment banker Henry Zhang will be joining as the firm's President and Managing Partner.
 | |
 | | Mr. Sean Xiang, Founder of Hermitage Capital and Mr. Henry Zhang, President of Hermitage Capital |
 | |
Henry Zhang has over a decade of investment banking experience and held various senior positions at bulge bracket investment banks including Executive Director of Investment Banking Division at J.P. Morgan, responsible for investment banking in China's transportation, logistics and enterprise technology sectors; Vice President and Operating Officer of China Investment Banking at Morgan Stanley; and Associate Director of Asia-Pacific Investment Banking Department at UBS. He has successfully led and participated in over 60 transactions with aggregate transaction value of over USD60 billion. Some of his landmark transactions include Meituan Dianping's USD4.2 billion Hong Kong IPO (the world's largest community e-commerce IPO ever), ZTO Express's USD1.4 billion U.S. IPO (the biggest U.S. IPO in 2016), and BOC Aviation's USD1.1 billion Hong Kong IPO (the world's biggest leasing IPO ever), and the RMB43.3 billion backdoor listing of S.F. Holding.
Moreover, Henry Zhang has led many landmark cross-border M&As in China and played a key role in the important negotiations. Some of the selected transactions include the acquisition of 49% stake of 10 global ports under the CMA CGM on behalf of China Merchants Port, the acquisition of 51.8% stake of Kerry Logistics on behalf of S.F. Holding, the acquisition of Toulouse Airport in France on behalf of Shandong Expressway and FPI, the sale of Istanbul Kumport (Turkey's third largest port) to a Chinese consortium comprised 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 Silk Road Fund.
Sean Xiang, Founder, Chairman and CEO of Hermitage Capital stated, "Henry Zhang has over a decade of experience in China and global capital markets. We believe that with his unique industry insights and outstanding deal sourcing capability, he will play a key role in developing Hermitage Capital into a leading private equity fund in Asia. I am very much looking forward to working with Mr. Zhang closely to continue investing in the leading enterprises in China's New Economy sectors, and to create excellent returns for our LPs."
Henry Zhang said: "Since its establishment in 2017, Hermitage Capital has become one of the fastest-growing private equity firms in Asia. The partners at Hermitage Capital all came from top-tier global financial institutions. I am thrilled to join this platform and looking forward to working with the best talent in the industry. "
About Hermitage Capital
Established in 2017, Hermitage Capital focuses on investing in the leading enterprises in China's New Economy sectors and has become one of the fastest-growing investment groups in Asia. It is headquartered in Hong Kong with an office in Shanghai. It has invested in 20 well-known private equity deals and the assets under management have exceeded USD1 billion. Four of its portfolio companies, namely Tencent Music (TME.US), Lufax (LU.US), 360 DigiTech (QFIN.US) and PINGAN OneConnect (OCFT.US) have been listed in the U.S. In addition it expects to have another five portfolio companies, including Ximalaya Inc. and WeDoctor Group, to be listed in Hong Kong or the U.S. by the end of 2021. Some of its other portfolio companies include Airwallex, Sensetime, Horizon Robotics, Medlinker, Ping An HealthKonnect, Haodf.com and VoxelCloud.
Topic: Press release summary
Source: Hermitage Capital
Sectors: Daily Finance, Funds & Equities
http://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2026 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
|
|
|
|
Latest Press Releases
TINGYI (CAYMAN ISLANDS) HOLDING CORP. Business Momentum Sustained in 2025, United for a New Journey, with GPM Rising to 34.8%, Profit Attributable to Shareholders Up 20.5% YoY
Mar 24, 2026 10:31 HKT/SGT
|
|
|
International Career Institute Marks 20 Years with 100 Scholarships to Support Flexible Online Study
Mar 24, 2026 07:29 HKT/SGT
|
|
|
Doubleview Gold Clarifies Preliminary Economic Assessment Results for the Hat Project; Updated Scenario B NPV Increased to C$7.27 Billion
Mar 24, 2026 04:59 HKT/SGT
|
|
|
OMP Positioned Highest for Both Completeness of Vision and Ability to Execute in the 2026 Gartner(R) Magic Quadrant(TM) for Supply Chain Planning Solutions: Process Industries
Mar 23, 2026 23:15 HKT/SGT
|
|
|
Wellgistics Health Inc. Signs $105,000,000 Letter of Intent to Evaluate Potential Acquisition of Neuritek Therapeutics, Inc. which is Pioneering Innovative Therapies for Neurological and Psychiatric Disorders
Mar 23, 2026 21:05 HKT/SGT
|
|
|
Essex Bio-Technology Reports Robust Results for FY2025, Turnover Soars 8.6% to HK$1814 million, Net Profit up 3.5% to HK$ 318.1 million, Total Dividend Increases by 16.7% to HK14 Cents per Share
Mar 23, 2026 20:51 HKT/SGT
|
|
|
GMG Launches European Sales Team; G(R) Lubricant Patent Accepted for Europe
Mar 23, 2026 20:29 HKT/SGT
|
|
|
Everest Medicines Enters into Asset Purchase Agreement for Etripamil Nasal Spray, Expanding Cardiovascular Footprint
Mar 23, 2026 18:59 HKT/SGT
|
|
|
From SGD to Global Spending: How Singaporeans Can Avoid FX Fees While Travelling Overseas
Mar 23, 2026 14:15 HKT/SGT
|
|
|
Fujitsu-developed traffic simulation system utilized in Maebashi City's public transportation planning
Monday, March 23, 2026 1:24:00 PM
|
|
|
|
|
More Press release >> |
|
 |
|
|
|
|
 |
|
