COMPANY INTRODUCE
China Hongyang Group, is an integrated enterprise with the research & development, production and marketing of Fuel Dispenser and related accessories as well as service station concerning equipments. It concentrates on the relative manufacture & services of filling station such as Hongyang tax control Fuel dispenser, IC Card fuel dispenser, manage system of network for stations, submerge pump and liquid level devise. China Hongyang Group, designed supplier of SinoPec and PetrolChina, our HONGYANG products have been sold to over 50 countries in South-east Asia, Mid-east, Africa, Europe and well received in their markets.
we are committed to create the best workplace, encourage our staffs to put their own personalities into their jobs, and provide them a stage to show themselves.
y question is whether the current favourable macro environment of low interest rates
and large amounts of capital available will be there at the time of exit three-to-five years from now,�says Nikos
Stathopoulos of BC Partners. Indeed.
© 2006 .
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Private equity in Germany
Friendly locusts
Feb 23rd 2006 | FRANKFURT
From The Economist print edition
A swarm of foreign investors visits the Finanzplatz
PRIVATE-equity funds and other financial investors are fast becoming part of the fabric of corporate Germany. The
term “locust� used disdainfully to describe them last year by Franz Müntefering, now the country s vice-chancellor,
is changing into one of near endearment. So there was little fuss this week when 1,500 locusts and their sidekicks
descended on Frankfurt for their annual bash, SuperReturn 2006. Among them were Henry Kravis of Kohlberg
Kravis Roberts, Leon Black of Apollo Advisors and Stephen Schwarzman of Blackstone.
Their first day was devoted to Germany and highlighted the import fuel dispenser ance of private equity as a funding alternative
for the Mittelstand, the small and medium-sized firms that are traditionally the backbone of the economy. Some
5,700 German companies already have private-equity firms among their shareholders, and the trend is rising.
But there is now too much money chasing the best deals, exacerbated by the fact that hedge funds are playing
with private-equity stakes too. Overpayers should bear in mind a McKinsey study three years ago which suggests
that, even among the best investors, one out of ten deals will fail and another three will perform badly, while one
out of ten will be a winner that provides up to 35% of the portfolio s total return.
Portfolios of bad loans and swathes of run-down housing have attracted the biggest private-equity deals in
Germany. Last year Terra Firma of Britain bought 150,000 dwellings from E.ON, an energy utility, for around ¬7
billion ( fuel dispenser fuel dispenser
