February 26, 2015 11:25 PM ET

Capital Markets

Company Overview of Primavera Capital Group

Company Overview

Primavera Capital Group is a private equity firm specializing in growth capital, buy-out, and special situations such as restructuring, distressed, and turn-around investments. The firm seeks to make investments in companies based in China and around the world. Primavera Capital Group was founded in 2010 and is based in Beijing, China with an additional office in Shanghai, China and Central, Hong Kong.

48/F

China World Tower 3

1 Jian Guo Men Wai Avenue

Beijing,  100004

China

Founded in 2010

Phone:

86 10 8559 8988

Fax:

86 10 8559 8989

Key Executives for Primavera Capital Group

President and Partner
Age: 45
Founder, Partner, and Chairman
Age: 51
Managing Director
Partner
Age: 38
Partner
Age: 40
Compensation as of Fiscal Year 2014.

Primavera Capital Group Key Developments

PSBC Mulls IPO In Early 2016

China Postal Savings Bank Co., Ltd. (PSBC) was said to kick off an initial public offering (IPO) at the beginning of 2016 and negotiate with Zhejiang Ant Small and Micro Financial Services Company, Ltd., some private funds from the US and Asia's sovereign wealth funds on the sale of a minority stake. Currently, Morgan Stanley has been appointed to be responsible for negotiating with potential investors. A banker hoped to participate in the transaction said the IPO size may range from $10 billion to $25 billion. Sources said BS Bank, Hong Leong Bank Berhad, Australia & New Zealand Banking Group Limited and other investors also are interested in Postal Savings Bank. Temasek Holdings (Private) Limited and Khazanah Nasional Berhad also have a mind to join. CITIC Capital Holdings Limited, HOPU Jinghua (Beijing) Investment Consultancy Co., Ltd. and Primavera Capital Group also are interested in investing in PSBC.

Investors Reportedly Mulls Investment In Ant Financial Services Group

China Postal Savings Bank Co., Ltd., and China Development Bank Capital Co., Ltd and China Postal Savings Bank Co., Ltd, Asset Management Arm are reportedly investing in Zhejiang Ant Small and Micro Financial Services Company, Ltd. (Ant Financial Services Group). Ant Financial Services Group is in negotiations for funding that have reached a critical stage and value the company at $30 billion, news magazine Caixin reported on February 9, 2015. The report cited unidentified sources as saying “China's state-backed social security fund, Postal Savings Bank of China, and CDB Capital, an investment arm of China Development Bank, would be among the strategic investors in discussions for stakes of 5%, 3% and 3% respectively.”Alibaba spokeswoman Teresa Li, speaking on behalf of Ant Financial, said the company did not comment on market rumours or speculation as a matter of policy. The three firms named as strategic investors could not immediately be reached for comment. Wall Street Journal reported citing people familiar with the situation that Zhejiang Ant Small and Micro Financial is finalizing plans to bring in new investors such as Primavera Capital Group, valuing the company at tens of billions of dollars.

Primavera Capital Group Presents at The 3rd Annual SuperInvestor Asia 2015, Feb-02-2015 through Feb-04-2015

Primavera Capital Group Presents at The 3rd Annual SuperInvestor Asia 2015, Feb-02-2015 through Feb-04-2015. Venue: Grand Hyatt Singapore, 10 Scotts Road, Republic of Singapore 228211, Singapore. Presentation Date & Speakers: Feb-03-2015, Jie Lian, Partner. Feb-04-2015, Jie Lian, Partner.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 2, 2014
Shanda Games Limited
 

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