Hermitage Capital has appointed former JP Morgan investment banker Henry Zhang as President and Managing Partner.
Zhang has over a decade of investment banking experience and held various senior positions at bulge bracket investment banks including Executive Director of Investment Banking Division at JP Morgan, responsible for investment banking in China’s transportation, logistics and enterprise technology sectors; Vice President and Operating Officer of China Investment Banking at Morgan Stanley; and Associate Director of Asia-Pacific Investment Banking Department at UBS. He has successfully led and participated in over 60 transactions with aggregate transaction value of over USD60 billion. Some of his landmark transactions include Meituan Dianping’s USD4.2 billion Hong Kong IPO (the world’s largest community e-commerce IPO ever), ZTO Express’s USD1.4 billion U.S. IPO (the biggest US IPO in 2016), and BOC Aviation’s USD1.1 billion Hong Kong IPO (the world’s biggest leasing IPO ever), and the RMB43.3 billion backdoor listing of SF Holding.
Moreover, Henry Zhang has led many landmark cross-border M&As in China and played a key role in the important negotiations. Some of the selected transactions include the acquisition of 49 per cent stake of 10 global ports under the CMA CGM on behalf of China Merchants Port, the acquisition of 51.8 per cent stake of Kerry Logistics on behalf of SF Holding, the acquisition of Toulouse Airport in France on behalf of Shandong Expressway and FPI, the sale of Istanbul Kumport (Turkey’s third largest port) to a Chinese consortium comprised of China Merchants Group, COSCO and China Investment Corporation, the sale of a minority stake in Autostrade per l’Italia (Italy’s largest expressway operator) to Silk Road Fund.
Sean Xiang, Founder, Chairman and CEO of Hermitage Capital, says: “Henry Zhang has over a decade of experience in China and global capital markets. We believe that with his unique industry insights and outstanding deal sourcing capability, he will play a key role in developing Hermitage Capital into a leading private equity fund in Asia. I am very much looking forward to working with Mr Zhang closely to continue investing in the leading enterprises in China’s New Economy sectors, and to create excellent returns for our LPs.”
Zhang says: “Since its establishment in 2017, Hermitage Capital has become one of the fastest-growing private equity firms in Asia. The partners at Hermitage Capital all came from top-tier global financial institutions. I am thrilled to join this platform and looking forward to working with the best talent in the industry.”
