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Yonghui Superstores Named "IPO of the Year"
Yonghui announced as the winner at the 2011 Annual AVCJ Awards dinner
Yonghui was founded in 2000 with the concept of offering consumers fresh produce in a clean and service-oriented supermarket environment, superior to the traditional street-based wet markets. Leveraging this positioning, Yonghui has been able to successfully expand into multiple provinces. Yonghui currently operates 181 stores and is the largest Shanghai A-share listed supermarket and the fifth largest Shanghai A-share listed retailer across all formats, by market capitalization.
The Asian Venture Capital Journal (AVCJ) is a leading source of information on the private equity and venture capital markets in the Asia-Pacific region. Winners of this year’s AVCJ Annual Awards were determined through a combination of industry voting, a judging panel composed of institutional investors and the editors of AVCJ.
Mr. William Shen, Senior Partner, Headland Capital Partners and Vice Chairman, Yonghui Superstores, commented, “I would like to express my deepest and most sincere gratitude to the team at Yonghui for their relentless efforts in the pursuit of excellence and to achieve the company vision – To become a leader in the vertical integration of modern agricultural distribution and retailing; To become the most well respected and best employer in China’s retail industry. Yonghui is a great company that has the potential to become the Wal-Mart of China in the next decade. It is an absolute privilege to have the opportunity to work with Yonghui on this incredible growth story.”
“Congratulations to William and his team who have worked very closely with Yonghui across multiple different fronts to help transform Yonghui from its origins as a provincial supermarket operator to its current status as the sixth largest supermarket operator in China”, stated Mr. Marcus Thompson, Managing Partner, Headland Capital Partners. “We are deeply appreciative of the AVCJ’s readers, the editorial team and the panel of judges for recognizing the team’s extraordinary efforts in creating an enormous amount of value in this investment.”
About Headland Capital Partners
Headland Capital Partners Limited, formerly, HSBC Private Equity (Asia) Limited, has been advising private equity and venture capital funds since 1989. Headland endeavours to be a trusted and commercially-
During its history, Headland has advised six regional private equity funds, with aggregate capital of approximately US$2.9 billion. Current active funds, with committed capital of approximately US$2.0 billion, include: The Headland Private Equity Fund 6 L.P. and The Headland Private Equity Fund 3 Limited. Funds advised by Headland have invested in more than 100 companies located primarily in Greater China, South Korea and Southeast Asia.
Page Updated Last on: Nov 10, 2011