By leveraging Li and Fung's global business network and expertise, LF Asia's principal aim is to create value by building sustainable and significant businesses in partnership with management teams in the Asia Pacific region. In addition, LF Asia also partners with US and European companies in the development of their Asian businesses.
LF Asia will provide long term equity capital by investing in both minority and majority stakes opportunities that offer at least one, and typically several, of the following attributes: (i) large and growing markets; (ii) unique competitive advantages such as branding, high market shares, distribution networks, and patentable technology; (iii) proven and sustainable business model; (iv) globally competitive and low-cost position; (v) meaningful synergies with the Li and Fung Group; and (vi) purchase price significantly lower than intrinsic value.
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LF Asia Investments
Industry Focus
While we will also take an opportunistic approach to other industry sectors, we are primarily focused on the following consumer-related industries:
Investment Targets
We provide capital across all stages of development:
Medium sized to established and mature companies
Li & Fung Private Equity Investments
IDS Group
In 1999, Li & Fung led an institutional investors group (CVC, AEA, and PAMA) in a Buyout transaction to acquire Inchcape Pacific for US$220 million. Over 5 years, Li & Fung restructured and redefined the business into 3 cores: marketing, logistics and manufacturing. We disposed non-core businesses and invested in an integrated regional IT platform. The company was then re-branded as Integrated Distribution Services Group or "IDS Group". IDS Group listed in Hong Kong in December 2004 and is now one of the core businesses of the Li & Fung Group.
In April 2006, LF Asia completed a Buyout transaction of the Trinity Group of companies (Renamed "LiFung Trinity"). Founded by the Lee family more than 30 years ago as a high-end menswear manufacturer, LiFung Trinity has now grown to be one of the largest menswear retail groups in the Greater China Region. Headquartered in Hong Kong, LiFung Trinity operates more than 270 mono-brand retail outlets under various brands - including Cerruti 1881, Gieves & Hawkes, Kent & Curwen, D'Urban and Altea - in the PRC, Hong Kong, Macau, and Taiwan.
Kanematsu Textile
In March of 2007, LF Asia acquired Kanematsu Textile Corporation (“KTC”) from Kanematsu Corporation of Japan (listed on the Tokyo Stock Exchange). KTC is a leading Japanese apparel and textile trading, distribution and retail company with a consolidated turnover of over US$450 million. From material to apparel, from OEM to brand, the company’s innovative marketing approach enables it to create value and respond quickly and flexibly to meet customer requirement.
Hup Soon Global Group of Companies is engaged in the marketing and distribution of agriculture tractors, automotive components and industrial supplies and products as well as material handling equipment in South East Asia. It trades under long-established names such as Anglo Thai, Borneo Technical and United Motor Works. It represents more than 40 suppliers including New Holland, 3M, DuPont and Mitsubishi. The New Holland brand has 70% share of the agricultural tractors market in Thailand.
Gilman Home Appliances
Gilman is a leader of the sector of distributing and servicing home appliances in Hong Kong. It represents international brands including Philco, Brandt and Thomson. The company sells through wholesale and retail shops. It also supplies to premium residential property development projects.
Investment Managers
 Robert Adams - Robert Adams is a Managing Director of LF Asia Investments Limited. He is also an independent non-executive director of Hong Kong Aircraft Engineering Co Ltd, which is listed in Hong Kong. Previously, Mr. Adams was the Chief Operating Officer and Chief Financial Officer of Li & Fung Limited. Before joining Li & Fung, he was an executive director of CITIC Pacific Limited and a non-executive director of Cathay Pacific Airways Limited, both are listed in Hong Kong. He was also a director of Hong Kong Dragon Airlines Limited, Hong Kong Air Cargo Terminals Limited, New Hong Kong Tunnel Company Limited, Western Harbour Tunnel Company Limited and Wal-Mart East China Stores Company Limited. Previous experience covers the management consulting and banking industries. Past Chairman of the American Chamber of Commerce in Hong Kong and Chairman of the Asia Pacific Council of American Chamber of Commerce.  Jose Cheng - Jose Cheng is a Managing Director of LF Asia Investments Limited. He is currently also a Director of LiFung Trinity Holdings Limited and LF Japan Development Limited. He has had a long career in private equity and investment management focusing on consumer related businesses in the Asia Pacific Region. Over the last 15 years, he has held senior positions as Director at E.M. Warburg, Pincus & Co., Asia, Ltd., Vice President at Investor AB Asia, and Assistant Director at Prudential Asset Management Asia Limited. Previously, he has held various listed and non-listed board directorships including Summerine Media Inc. (whose subsidiary Media Nation Inc. was previous listed in Hong Kong and has since been acquired by JC Decaux SA), Cosmetic Group Holdings Limited, Eagle Brand Holdings Limited (listed in Singapore), Gilman Industrial Limited and Wisers International Limited. He holds a Bachelor of Arts degree in Philosophy from Queen’s University in Canada. Tel: (852) 2844 1937 Fax: (852) 2844 1939 enquiry@lifunginvestments.com |
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