6-7-V6.qxp 17/2/09 12:44 Page 6
THIS MONTH...
NEWS • ANALYSIS • INSIGHTS
Lloyds invests in
Chinese growth fund
B
anking group Lloyds’ private equity Xiaoyang Yu, Johannes Schoeter and
arm has invested US$30 million Hirosuke Sakai. Each of the trio has more
(£21 million) in a fund backing than 25 years’ experience doing business in
Chinese growth companies. China and they are described by Lloyds as
China New Enterprise Investment “pioneers of financial investment in the
Fund II, which has more than People’s Republic”.
$250 million under management, Craig Wilkinson, Hong Kong managing
is registered in Beijing and director of Lloyds Development Capital,
denominated in Chinese says, “Their innovative fund structure,
yuan, unlike many other culture and investment approach will allow
investment vehicles focused on us to take a significant step forward in the
the region which are domiciled in development of LDC’s Asian operations.”
offshore tax havens. The fund’s predecessor, China New
It is being managed by New Enterprise Investment Enterprise Fund I, raised
Management, whose principal partners are $100 million.
Demi-millionaires on the rise
T
he number of people in the UK with investable assets of slow or even fall as a
at least £500,000 is set to increase 64 per cent by 2016, result of the current
according to research from Bristol Business School. financial crisis, [in
There are currently an estimated 571,200 “demi-millionaires” the] long term
in the UK, a number set to rise to 936,200 over the next seven I expect it
years, the study states. to grow.”
A still faster increase is predicted in the number of households
with financial wealth of £349,000 or more (excluding the value of
property). Some 207,400 a year of these high net worth households
are expected to be created until 2016.
Professor Merlin Stone, who authored the report, comments,
“Although the growth in the number of wealthy individuals will
571,200
The estimated number of Brits with investable assets of
at least £500,000, according to Bristol Business School
6 Mergers & Acquisitions
Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72