Huat: From the entrepreneur to the middle-law private-equity big guy

In April this year, Ningki shares listed in Shenzhen, a foreign strategic investment partner of the French Kai FAI Private Equity Fund (hereinafter referred to as "Kai Fai") book return rate of more than 30 times times, and this only in less than two years. The "lucky" PE company chairman and founder of the investment industry is the big guy Huat splashed. In an interview with the first financial daily, he insists he is a long-term investor. Huat the private-equity fund as a financial instrument that can create wealth with good.　　He hopes to connect Chinese and European enterprises, provide long-term assistance for the development of Western enterprises in China, and provide support for the internationalization strategy of Chinese enterprises, thereby enhancing the long-term competitiveness of enterprises and creating higher value. From an industrialist to the investor's experience, coupled with the culture of China and France, the Huat decided to splash the style of doing things and investment ideas.　　In his view, the goal is to "become an entrepreneurial investment organization."　　From entrepreneurs to private-equity bosses from the age of 20 to today, regardless of their involvement in the industry or into finance, Huat splashed a series of experiences can not be separated from China and France.　　In the 1989, as "teacher" Huat splashed away to France to study, this decision also achieved his future. "When I first arrived in the south of Paris, I felt cold in the air," Orleans.　　Cai had only one goal at the time: to enter the core society of France. At first, Huat to earn living by working while learning French, but this day soon ended. His previous teaching experience gave him the idea of setting up a Chinese class at Orleans University.　　This "entrepreneurial" experience solved the Huat spilled in France tuition and living expenses.　　The idea of making good use of existing resources and turning them into capital is not hard to find in his future ventures and investment experiences. After graduating from college, Huat the Lyon higher business school to pursue further studies, formally entered the door of economics from psychology.　　At this point, the door to business was also open to him. In the entrance interview, Huat splashed "meet" the French small household electrical Appliances Company-bo Group (Groupe Seb). He has done a detailed Chinese market research for the Bo Group, and the Group has appointed its representative office in Shanghai.　　In this way, business school has not yet graduated, 24-Year-old Cai has become the Bo Group Shanghai Representative Office in the first generation, and in the future to promote the Bo group of China's small household electrical appliances, one of the leading enterprises Supor acquisition. Huat is not a law-abiding person, the professional manager is never his goal. The Taiwanese people are born good and entrepreneurial spirit, from Lyon high business after graduation, he chose to start their own business, to do a down-to-earth industry.　　In 1999, Cai Mingpa founded the Stonest Company, which specializes in stone production, wholesale and international trade. "Stonest's business made me the first bucket of gold, but it also made me realize that the special industry is limited by the market capacity of the" ceiling.　　"Three years later, after Stonest became the largest stone company in France, Cai Mingpa knew that his stone business in Europe had been hard to grow fast. 2004Cai Mingpa family moved back to Shanghai, China, and went to Ceibs for a second year, and in two years of study he identified a new goal-capital investment.　　In a Chinese investment project, Cai Mingpa met senior investors Edouard Moinet, so at the end of 2006 two people founded the First Sino-French private equity investment fund-France, Kai FAI Private Equity fund.　　"Can square round" investment philosophy for water is soft, for the ice is steel, for fog, for the gas is surplus, invisible, million shadow million shape, this is the essence of water!　　This sentence can be interpreted as huat splashed as an entrepreneurial tenacity of character, but also reflects the huat under the leadership of the French Kai FAI investment concept. "China's water culture is round and square, and there are mountains to orbit."　　Huat this with European investors to introduce themselves and Kai-Fai's "character." "Can square" business and investment philosophy eventually conquered European investors.　　In April 2008, the first issue of the Kai FAI Fund was raised for € 70 million, which includes the French sovereign fund, the Foreign Trade bank and the famous French family enterprises and entrepreneurs.　　As a Euro fund, the first phase of the FAI Fund investment agreement requires 70% of the investment portfolio to invest in French companies, so the early Kai FAI fund mainly invested in China has to expand business needs of French companies.　　It is reported that at present, Kai FAI in China and France total investment of 18 projects, of which 12 projects in France, 6 in China, the investment company's industry is distributed in the medical, luxury, retail, consumer services, software, home textiles, food additives, mainly for the consumer goods industry. However, with the completion of the second phase of May this year, Kai FAI will gradually increase the proportion of investment in Chinese enterprises. In less than 3 months, the Kai FAI second phase of the fund was raised, a total of 200 million euros.　　In the present European and American private fund raising generally depressed situation, in such a short period of time to complete the fund raise, fully embodies the Kai FAI and Huat poured in France accumulated deep contacts and Word-of-mouth. "Kai Fai is focused on investing in a solid, growing business, with a mature business model and business model, and providing opportunities for companies with cross-border development needs."　　Huat splashed this on the investment preferences of Kai Fai. At present, Kai Fai's investment team has 20 people, Cai Mingpa is also expanding and the formation of the Kai FAI team.　　In addition to having a team in France and China, Kai Fai also set up a representative office in New York, USA, in 2010. "One Fund,one team. "Cai Mingpa that the internationalization of enterprises is not the concept of setting up subsidiaries, but the integration of global resources."　　Each market culture and the concept of different, need to have a professional team rooted in there, into the local culture, so as to better help the invested enterprises in the local development. In order to promote communication and resource integration between China and France, Cai Mingpa has also established a non-profit organization, the Chinese-French entrepreneur Association. Recently, the China-France Entrepreneur Association organized the "second generation" of Chinese private entrepreneurs to France, with the famous French entrepreneurs and their "second generation" face-to-face communication to promoteIn-depth exchanges between the two countries ' business circles.　　[Page] Entrepreneurial investors and the Sino-French relationship between the Huat splashed, the founder of the Kai Fai is the intention is to pass the PE "financial instrument" to connect China and French enterprises.　　When it comes to Kai Fai's investment philosophy, Huat splashed for a moment, picked up a napkin, and painted a picture of Kelly's risk/benefit theory. "Europe is a mature market with low investment risk, but low returns; China is a fast growing market with high return on investment but high risk." Therefore, I hope that through the Kai Fai, on the one hand to help European enterprises to explore the Chinese market, to find suitable partners, on the one hand, to help Chinese enterprises to introduce capital, European brands and advanced technology, management concepts, thereby reducing corporate risk and improve investment returns.　　"said Huat. Liu Sheng, the investment director of Kai Fai, briefed reporters on a "typical case" of a Kaiser investment.　　At the beginning of 2008, Kai Fai invested in a French family-owned European largest home textile company, respectively, to the French head office and the Chinese subsidiaries of the equity investment.　　At that time, the French textile enterprises have a large scale, into the Chinese market has been for many years, but as the Chinese market competition is increasingly fierce, the company's development in China's subsidiaries encountered bottlenecks. "This private family business is just a fancy to the Chinese market, and also to see Cai Sum Kai FAI team entrepreneurial spirit, so agreed to Kai-Fai shares."　　"Liu Sheng said.　　Kai FAI to the French company's Chinese subsidiary of the business model and brand repositioning, and contributed to its domestic private home textile companies with a merger, the two sides to form complementary advantages to achieve a win.　　In fact, a successful globalization strategy will enhance the long-term competitiveness of the invested enterprises and be more conducive to the value-added exit. In the Kai FAI phase of the investment project, there have been three exit, and Ningki decoration "amazing" return is the private sector has a few successful investment cases.　　However, Huat has been emphasizing that Kai FAI differs from most private equity funds by focusing more on long-term investments and creating value through resource consolidation. Cai Mingpa hopes to become an entrepreneurial investment organization. He is ambitious, no matter the next five years or ten years, "Let time work for us, to win Word-of-mouth and experience." ”