Private Equity & Venture Capital Working SubGroup
Wednesday 19th, March 2008 8h30
European Chamber Office
Office C412 , Beijing Lufthansa Centre,
50, Liangmaqiao Road, Beijing 100016
tel 10 6462 2066 ext 81

Dear Members,

We are pleased to announce that the European Chamber has launched a new working subgroup on Private Equity and M&A working subgroup. This working group has been created as a subgroup of the Banking and Securities Working Group. It will be Chaired by Mr. Andre Loesekrug Pietri from Cel Partners and Vice Chaired by Mr. Serge Janssens de Varebeke from Fortis.

You are kindly invited to attend the first kick-off meeting next Wednesday 19th March from 8:30 to 10:00am at the European Chamber.

This group has the intention to become a central venue for experience sharing and networking between PE and M&A professionals in China from Europe or working within a firm with investors or ties from Europe.

It also has the aim to become a credible talking partner with officials from China and Europe when evaluating issues related to Private Equity and Mergers&Acquisitions, and will eventually contribute to the Position Paper.

 

This group will be mainly aimed at senior management of PE funds, finance houses and advisors.


The group will have activities in Shanghai and Beijing, eventually other chapters could be added if interest exists.
Gregory Van Bellinghen will coordinate the activities for the Beijing section, Derval Usher will coordinate for the Shanghai section.


We look forward meeting you next week and wish this group a successful start !

 

To register, please RSVP to gbellinghen@euccc.com.cn by Tuesday, 18th March 2008.
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For any further information about the Private Equity or the European Chamber in general please do not hesitate to contact Gregory Van Bellinghen on gbellinghen@euccc.com.cn in Beijing or Derval Usher on dusher@euccc.com.cn in Shanghai.

Event review

Private Equity and M&A Sub Working Group

Meeting Minutes
8.30 am Wednesday 19th March 2008
European Chamber, Beijing

Participants

Company Name	Name	Chamber Member
CEL Partners	Andre Loesekrug-Pietri	x
Fortis	Serge Janssens de Varebeke	x
Standard Chartered	Lyn Kok	x
Abacus Corporate Finance Limited	Barry Livett
ALOE	Mike Min Kiang
AXA	Elva Li	X
Banco Santander	Ana Wang	X
China Clean Energy Capital	Jiangbin Fu
Ernst & Young	Kenneth K.F. Lee
EU Delegation	Javier Arribas
EU Delegation	Julio Arias
German Embassy	Martin Diehl
HSBC	Devin Gao	X
Invest  Securities	Christine Lambert
KPMG	Alex Henderson
Occient	Frederik Koerfer
Occient	Joyce Shen
REALM Investment	Starry Zou
Roland Berger	Yann Cohen	X
Rothschild	Ren Jiang
Siemens	Joerg Ayrle	X

 Total : 21

Agenda

•1.       Introduction to the Working Group and the European Chamber.

•2.       Roundtable Discussion : contributions proposals and suggestions of the participants

•3.       Forward Agenda.

Minutes

•1.       Introduction to the Working Group and the European Chamber.

•·          Welcome Word by Mr. Andre Loesekrug-Pietri , Chairman of the Private Equity and M&A Sub Working Group.

The Sub Working Group has been set up as a part of the Banking and Securities Working Group on the 17th of January 2008. With the growing importance of Private Equity and M&A in China there is an increasing need to share experiences and exchange information within active players in this area. In addition of being a networking platform, this Sub Working Group has the intention to engage in a dialogue with the Chinese authorities and to contribute to the Position Paper.

For the time being this Sub Working Group will remain a part of the Banking Working Group. As membership and activities will be growing and interests diverge from the Banking Working Group a full working group will be established.

The Group is by essence cross-chapter, and regular meetings are planned in particular in Shanghai and Beijing to fully demonstrate that this group has the goal to federate all PE and M&A professionals connected with Europe, and achieve the necessary critical mass for its efficiency and credibility with the authorities

•·          Introduction to the Chamber by Gregory Van Bellinghen, European Chamber Business Manager.

The European Chamber is an independent non-profit, member funded organization. It has been set up by 51 companies eight years ago. Currently the European Chamber counts more than 1300 members and is present in 7 cities in China (Beijing, Shanghai, Tianjin, Chengdu, Pearl River Delta (Guangzhou and Shenzhen), Nanjing and Shenyang). Its core activity is lobbying the Chinese and European authorities to level the playing field in China and eliminate discriminatory trade obstacles between domestic and foreign companies.  The major tool it uses to achieve this objective is the yearly published Position Paper. The Position Paper collects the key recommendations per industry and is widely recognized as the official voice of European Business in China. The next Position Paper will be published in September. In order for the group to see its key recommendations as a part of the Banking and Securities paper the group should have its points finished by the end of June.

•2.       Roundtable Discussion.

The working group agreed to focus its work on 5 major topics and members voluntarily agreed to follow certain subjects closely :

1 .Identification and Understanding of Applicable Regulations (new partnership law, new M&A regulations, ...)

Follow-up :  Javier Arribas (EU Delegation), Christine Lambert (Invest Securities)

2 . Identification of the Legislating and Authorizing Regulators

Follow-up :  Joyce Shen (Occient), Javier Arribas (EU Delegation) , Lyn Kok (Standard Chartered)

3 . New Investors in China and new Exit routes. (RMB funds, Chinese and International LPs, Shenzhen SME board...)

Follow-up :  TBD

4 . Sovereign Wealth Funds  (SWF)

Please find  here  the European Commission's Communication on SWF.

Follow-up :  Ana Wang (Banco Santander), Alex Henderson (KPMG)

5 . New areas of Investments in China (promoted industries, recent investment trends, ...)

Follow-up :  Mike Min Kiang (Aloe), Yann Cohen (Roland Berger), Jiang Ren (Rothschild)

Other subjects to cover  

•-     Link with other working groups, other chambers, temporary visitors to China

•-     Mapping of research, publications regarding PE and M&A in China

•-     Return on experience in PE and M&A in China

•-     Corporate M&A

•-     New members to the Group

•-     Possible future events, guest speakers, etc.

Please send proposals on the above subjects to alp@celpartners.com and serge.janssens@gmail.com

•3.       Forward Agenda.

•·          8th April (8.30am) - Breakfast Seminar

On the 8th of April we will have the pleasure and honor to welcome Kathleen NG, head of the Center for Asia Private Equity Research in Hong Kong (www.asiape.com ) during a breakfast seminar at the Kerry Center. A separate invitation has been sent for this event.

•·          16th April (8.30am) - Working Group Meeting in Shanghai.
The next working group meeting is scheduled to take place on the 16th of April in the Chamber Offices in Shanghai. An invitation and agenda will be sent out before the meeting.

•·          To Become a Member

Being a membership funded organization and in order to continue to participate in its activities, the European Chamber kindly requests non-members to become a member. In addition to attending the Working Group meetings, as a member you will also enjoy a wide range of benefits: access to meetings with high level Chinese and European Union Officials, Free copy of the Annual Position Paper, the Business Directory, Eurobiz Magazine and Chamber Business Guides, discounted event and advertising prices.

To become a member we kindly invite you to submit your application through the website (www.euccc.com.cn) or to take contact with Maya de Filippo , mdfilippo@euccc.com.cn, Member Relationship Manager. We look forward meeting you at our future events as a European Chamber member.

 

 

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