(Copenhagen, 15 June 2012) - Fosun International
("Fosun" or the "Company") (HKEx:
00656), the leading Chinese non state-owned group in
China, signed today a memorandum of understanding with
the largest private equity firm in Denmark Axcel
("Axcel") to establish a strategic
collaboration to form a premier platform to share and
utilize both domestic and global resources in the Nordic
region and China.
The cooperation between the two companies signed by Mr.
Liang Xinjun, the Vice Chairman and CEO of the Company,
and Mr. Christian Frigast, the Managing Partner of Axcel,
was part of the package of bilateral framework
cooperation agreement between China and Denmark.
The ceremony was arranged during President Hu
Jintao's state visit to Denmark.
Mr. Liang Xinjun said: "Fosun's unique expertise in
identifying growth opportunities in China and previous
investments in Europe will bring a new model of global
collaboration to the world - "Combining China's
growth momentum with global resources". With Axcel's
strong track record in private equity investments around
Europe, I sincerely believe that Fosun and Axcel can
create synergies that will show the full potential of
this new model."
Mr. Christian Frigast said: "China is currently
developing at an amazing pace and is therefore an
important market for Axcel. Fosun can be an important
door-opener for Axcel on the Chinese market and Fosun can
advise Axcel on how to optimize our supply chain and
management in Chinese market by sharing their experience
with Axcel."
In the past few years, Fosun has been very active in
seizing the opportunities in Europe and accelerating its
development of asset management business in China. Fosun
made investments in French premium leisure resort chain
hotel group, Club Med, in 2010 and in Folli Follie, a
globally renowned fashion retail group, in 2011.
About Fosun International
Founded in 1992, Fosun Group is a classic story of
success after China's reform and opening-up. On 16
July 2007, Fosun International (00656.HK), the parent
company of Fosun Group was listed on the main board of
the Hong Kong Stock Exchange.
During 2011, the three major growth engines of Fosun,
namely industrial profits, investment profits and asset
management profits rose rapidly, enabling Fosun to make
strides towards its vision of becoming "a premium
investment group with a focus on China's growth
momentum". Currently, Fosun mainly invests in
sectors that would significantly benefit from the growth
in domestic demand of China, such as consumption and
consumption upgrade, financial services, resources and
energy, and manufacturing upgrade, with a view to
participating in the rapid development of China's
economy.
2012 is Fosun's 20th anniversary. Over the past 20
years, Fosun has always been grateful for the support it
received. While pursuing economic development, Fosun also
shares the fruitful results of development with our
staff, partners and communities, taking the initiative to
contribute the society in return. Meanwhile, Fosun also
actively contributes its efforts to improve the business
and natural environments of China so as to support the
rejuvenation of Chinese economy and culture.
For more information about Fosun, please visit: www.fosun.com
About Axcel
Axcel was founded in 1994 by a group of investors from
Denmark's largest financial and industrial
institutions. Axcel focuses on medium-sized companies in
Denmark and Sweden and has a broad base of both Danish
and international investors. Axcel has raised four funds
with total committed capital of around DKK 10bn and has
made 37 investments along with more than 45 significant
bolt-on acquisitions. 23 of the companies in which it has
invested have so far been sold or floated. Axcel's
investments currently include 15 companies and a
significant holding in PANDORA, representing combined
revenue of around DKK 18 billion and more than 12,000
employees.
For more information about Axcel, please
visit:www.axcel.
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