Investment Management - , Beijing Shi, China
Formed in the Shanghai Free Trade Zone in December 2013 as its first cross-border investment private equity firm, BHR is the cross-border investment arm of Bohai Industrial Investment Fund Management Co., Ltd. ("Bohai Capital"). Our other sponsors include Harvest Fund Management Co., Ltd. ("Harvest"), Ulysses Diversified Inc. ("Ulysses"), Skaneateles, LLC ("Skaneateles"), Thornton Group LLC ("Thornton") and our management team. We also enjoy the support of Bank of China, China Development Bank Capital, National Council of Social Security Fund, China Life, Postal Savings Bank of China, among others, as our suite of legacy shareholders through Bohai Capital. Ulysses Diversified and Skaneateles are both diversified alternative investment and advisory holding companyies established in the U.S. whose affiliates manage assets in real estate and private equity funds.Since its December 2013 inception, BHR has established several funds investing in SOE Reforms, Cross-Border Mergers & Acquisitions and Alternative Growth Investments. - Cross-Border M&ABeing the designated cross-border investment platform of Bohai Industrial Investment Fund ("Bohai Capital") and armed with the support of the Bank of China and our other legacy shareholders through Bohai Capital, BHR is focused on cross-border investments by offering our strategic partners funding and global resources and the experience of our cross-border team. On September 8, 2015, BHR celebrated the addition of Henniges Automotive ("Henniges"), the leading global manufacturer and designer of automotive sealing and anti-vibration solutions, as a BHR portfolio company. BHR teamed up with its strategic partner, AVIC Auto, in acquiring Henniges, through a joint venture structure. The Henniges acquisition is valued at around US$600 million. - SOE ReformAside from cross-border investments, BHR is closely monitoring investment opportunities emerging from the Chinese Government's initiatives to reform State-Owned Enterprises ("SOE") as announced during the 18thCPC 3rd plenary sessions. In 2014, BHR invested approximately RMB4 Billion in the pilot SOE reform deal involving the segregation and capitalization of Sinopec Group's non-oil business into Sinopec Marketing Corporation. - Alternative Investments As the market evolves, so do we. 2015 has seen BHR participating in selected alternative investment opportunities including (i) cornerstone and anchor investments in HKSE listings and limited public offerings such as China General Nuclear, 3Bio Inc. and (ii) certain early to growth stage investments such as Didi Taxi. BHR will continue to diversify its investment portfolio by staying ahead of the market curve while protecting investor interests. - Some other investment highlightsIn 2014 - Approximately RMB4 billion in the Chinese pilot State-Owned Enterprises reform deal "involving the segregation and capitalization of Sinopec Group's non-oil business into Sinopec Marketing Corporation";In 2015 - Henniges Automotive with strategic partner, AVIC Auto, with total transaction valued at around US$600 million; Investments in China General Nuclear, 3Bio Inc., and Didi Taxi.In 2016 - BHR agreed to purchase Lundin Mining Corp's minority stake in African copper mine Tenke Fungurume Mining S.A. for $1.14 billion in cash. Lundin held a 30% interest in TF Holdings, a holding company, and an effective 24% stake in the mining operation. Freeport-McMoRan Inc. currently owns the remaining 70% stake in TF Holdings (an effective 56% of the mine), but is in the process of selling its stake to China Molybdenum Co. for a reported $2.65 billion. The Democratic Republic of the Congo, where the Tenke mine is located, owns the remaining 20% of the mine.
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