Mahon China is an established investment manager and advisor based in mainland China.

The firm assists investors to realise value from stressed assets and nonperforming loans in China, and has managed private-equity funds since the early 90s.

Mahon China also helps foreign companies to enter and expand in the market, acquire assets, assess partners, and analyse the Chinese economy.

The highest virtue is like water: it benefits everything without exciting rivalries. We should be like water. Laozi, fifth century BC

About us

Mahon China is a partnership based in Beijing and operating throughout China.

Chinese high-speed train, Nick May

Mahon China was founded in 1985 by New Zealander David Mahon and was a pioneer of private equity in the mainland. The firm managed five funds which realised high returns for investors, and successfully exited from its fifth fund at the end of 2016.

Mahon China also restructures and exits assets, be they stalled funds, stressed equity investments, or nonperforming loans to Chinese companies.

For three decades Mahon China has advised multinationals and small/medium enterprises on their China strategies. The firm’s expertise includes China’s agriculture, food & beverage, specialised manufacturing and technology, and services sectors.

Meet the Mahon China team.

Chinese Website 中文网站

 

 

Realising returns

Mahon China maximises value for investors as both an asset restructurer and private-equity manager.

Greenhouse in Hangzhou, Andy Brandl Vegetable market vendor, Andy Brandl Chinese hydroponic greenhouse, Huitu.com
Stressed assets and nonperforming loans

Some private-equity China funds and foreign direct investments in Chinese companies established over the last ten years are now struggling to realise value. Through leveraging its experience and deep networks, Mahon China has assisted investors in a range of difficult situations.

In the last five years, Mahon China achieved exits from approximately 65% of the assets it managed. Mahon China also provides its clients with an informed, independent view when stressed assets have no further recoverable value and should be written off.

Our clients include limited partnership funds, international banks, and development finance institutions.

Scope of services:

• Managing distressed private-equity funds, by appointment of the fund’s limited partners

• Undertaking investigations and due diligence, buyer identification, and assisting investors and fund managers to stabilise investments

• Managing, restructuring, and exiting nonperforming loans and stressed equity positions held by international financial institutions

Funds management

Mahon China began managing private-equity China funds in 1992 as one of the country’s first fund managers. The firm has managed five funds totalling approximately USD 300 million, with investments made into 29 companies in sectors including agriculture, textiles, optical instruments, automotive parts, construction equipment, FMCG, and IT and telecommunication services.

Mahon China has consistently achieved high returns for its investors while fulfilling social and developmental responsibilities to investee regions. The investors have included development finance institutions, European and Asia-Pacific financial entities, and Chinese state-owned enterprises.

> Chang’an Automobile Group

> Lingyun Industrial Corporation Ltd

> Ningbo Tian’an (Group) Co. Ltd

> Tsinghua Tongfang Co. Ltd

> ET Solar Group

> Shinho Food Co. Ltd

Corporate advisory

China remains an opaque and complex market.

Suntech worker in Wuxi, Lucas Schifres
Solar panels in Urumchi, Philip Game

Mahon China draws from its hands-on experience in making and managing Chinese investments to assist companies and funds in developing and executing strategies, and to resolve client problems.

We offer:

• Boardroom advisory

• Tailored research into Chinese companies, sectors, and market trends for hedge funds and other investors

• Development of China market entry and expansion strategies

• Assessment and establishment of Chinese teams

• Identification of partners and due diligence

• Fundraising

> Mahon China has facilitated client investments in excess of USD 150 million in sectors ranging from agriculture and food & beverage to technology and services. We have assisted foreign companies to acquire land and other assets in major cities and remote rural areas.

> Mahon China played a key role as crisis advisor for Fonterra during the 2008 melamine incident.

> Mahon China successfully engaged in arbitration on three occasions on behalf of its foreign clients.

> Mahon China advised a Chinese city to identify international partners for its development project and has assisted Chinese companies to acquire assets globally.

Our team

Mahon China is headquartered in Beijing,

with offices inNingbo,

London and Auckland.

David Mahon

Executive Chairman

David provides strategic leadership for the team, from deal origination to negotiations with potential exit partners.

•在中国管理五个私募股权投资组合,直接负责管理20多家中国公司

•在国际和中国金融和工业公司的董事会任职

•三十年的经验为跨国公司进入中国市场并在中国市场发展提供咨询,并分析中国经济

•撰写和出版“中国观察”,对中国政治和经济发展进行季度审查; 中国和国际新闻媒体的定期评论员

•自1984年以来居住在中国

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Jessie Sui

Managing Partner

Jessie leads the Mahon China team and the firm’s investment and advisory practices.

•在整个投资过程中为团队提供领导,从尽职调查到退出

•与主要利益相关方协调和谈判,以制定和执行资金,直接投资和不良资产的退出策略

•为国际公司推荐市场准入和增长战略

•曾在汤森路透的金融信息部门管理一个由16名专家组成的团队,为投资银行客户提供金融研究和数据分析

•伯明翰大学文学士(商业); 巴斯大学理学硕士(会计与金融)

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Zhang Yike

Senior Partner

Yike leads Mahon China's engagement with Chinese officials and stakeholders, and is an experienced restructurer and manager of factories.

•自1995年年以来担任马洪中国团队成员,从担任高级投资经理

•拥有超过千名员工的大型国有企业管理经验11年,包括:北京第一,第7和第12橡胶工厂; 北京第一橡塑厂; 和北京环球橡胶厂

•12年管理国际和合资公司的经验

•担任Maqi Sporting Shoes的董事会主席,Furniture Origins Group Co.的总裁兼总经理,以及在美国上市的Hendrix Corporation的中国首席执行官

•代表Mahon China管理被投资公司并监督投资和并购交易

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Mei Xiaorong

Partner

Ms Mei manages Mahon China’s private equity funds business, is a core member of the investment practice, and handles legal and accounting compliance.

•为一系列特殊情况资产制定并成功实施退出战略

•对包括物流,纺织,基础设施和专业制造在内的各个部门进行尽职调查

•发起并管理一家专注于零售业的私募股权基金拥有超过20年的中国私募股权与马洪中国的经验

•在中国最早的中外合资企业之一和英之杰的经验

•首都经济贸易大学研究生金融和经济学学位

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Charlie Gao

Partner

Charlie is a core member of Mahon China’s investment and advisory practices. He is based in New Zealand and was formerly the firm’s managing partner.

•作为该公司的许多澳大利亚和欧洲客户的主要界面

•代表国际金融机构管理和退出中国调味品,饮料和清洁能源行业的私募股权投资

•领导为一系列跨国和中小企业客户提供服务的咨询项目,重点是农业和技术

•奥克兰大学的理学学士,文学士(荣誉)和硕士(荣誉)学位

•将英语和普通话作为第一语言

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Wang Youlin

Investment Manager

Youlin is a core member of Mahon China's advisory and investment practices.

– 承担部门,行业和公司层面的研究和分析
– 对包括零售和专业制造在内的各个行业进行尽职调查
– 为国际公司提供中国扩张战略建议
– 支持领先国际金融科技和资产管理公司运营的管理项目
-西安理工大学学士(金融)和理学硕士(管理)

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Hugh Swire

Partner (UK and EU)

Hugh first worked for Mahon China in 1999 and rejoins the firm, based in London, following a decade with investment banks and funds across Asia.

•支持公司在英国/欧盟的客户在中国的投资和企业活动

•为投资公司提供针对上市和非上市中国公司的定制研究

•在低碳水,能源和技术业务方面的专业知识,直接帮助公司寻找合作伙伴并在中国扩展

•为东京野村的日本股票客户提供法律意见,并担任副总裁,负责伦敦摩根大通的亚洲股票衍生品业务

•牛津大学中文(荣誉)学士学位

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XY Zhang

Chief Financial Officer

XY ensures the accounting and tax compliance of Mahon China and its funds, and develops financial strategies to provide stability and improved efficiency.

•监督Mahon China管理的基金的会计合规情况

•在中国境内外拥有30年的全球会计,审计,税务和财务管理经验

•曾任麦当劳中国首席财务官,中国最大注册会计师事务所审计总监,亚瑟安德森高级商务顾问

•中华人民共和国财政部研究所硕士

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Huang Jingjing

Investment Manager

Jingjing manages Mahon China’s third-party service providers, undertakes research, oversees project logistics and develops new business opportunities.

•为外国公司在中国遵守法规提供法律意见

•在农业,食品饮料和零售等行业进行尽职调查和研究

•管理具有管理角色的第三方顾问

•与团队成员和客户合作安排项目后勤

•联合大学会计学位

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Candy Wang

Investment Manager

Candy analyses the Chinese agriculture, food & beverage, and dairy sectors on behalf of Mahon China’s advisory clients.

•开展部门,行业和公司层面的研究和分析,重点关注中国不断发展的农业市场

•为国际乳品公司的中国扩张战略提供法律意见

•为公司的合作伙伴提供多项目的商业支持

•支持中国大型国际保险和资产管理机构的高级管理层的经验

•河北经贸大学文学学士

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China Watch

Summer-Autumn 2016

Issue #113

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Latest News

  • On 20 June 2019, an article by David Mahon on China-India trade dynamics was published in CaixinGlobal.
  • On 25 June 2019, an article by David Mahon on revisiting issues in the New Zealand China relationship published in New Zealand Herald.
  • On 22 May 2019, an article by David Mahon on China-US trade war was published in Caixin Global.
  • On 30 May 2019, David Mahon appeared on CGTN’s Global Business program to discuss the unfolding US-China trade dispute.

Contact us

4/F, Tower C, MinMetal Square,
No.7 North Chaoyangmen Avenue,
Dongcheng District,
Beijing 100010, China

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Centeredness is the cure for impulsiveness.

Serenity is the master of restlessness.

Laozi, fifth century BC