05 July 2013

Fosun Investment Criteria

Mr. Liang: We want to learn from the likes of KKR, Blackstone and Carlyle about asset management. Warren Buffett is good at looking for cheap money and projects, improving them, and selling them at a premium. We also admire Hutchison because very few Asian companies are as good as they are in terms of internationalization.(source infra)

Fosun Is a Connoisseur of Brands - WSJ.com: " . . . Mr. Liang: Every time, before we invest in anything, we all have to ask ourselves, "If we can't exit, do we want to be with them for life?" If the answer is no, then you shouldn't look at it at all. Tough realities face China's private-equity industry. More than 5,000 PEs have invested in 7,000 to 8,000 companies, and the number is increasing by 600 to 700 a year. Not all of them can exit through initial public offerings. So we try to exit through various markets, or through mergers and acquisitions. . . ."

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