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INTRODUCTION TO:
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June 2012
Company Introduction
! Taconic Capital Group Limited (TCG) is a leading boutique merchant bank in China, providing
asset management and financial advisory services to enterprises, business owners,
institutional investors and private investors. Our asset management businesses include a
Growth Capital fund and a Buyout fund. Our financial advisory services include equity private
placement, debt private placement, mergers & acquisitions, and other corporate services.
! Headquartered in Hong Kong, TCG was originally established in 2003. In 2005, UniCredit
Banking Group, the leading European bank headquartered in Milan Italy, acquired 51% of
Taconic Capital’s financial advisory business to form a joint venture – UniCredit China Capital
Limited (UCC). As UniCredit Banking Group’s investment banking arm in China under Mr.
Zhang’s leadership, UCC quickly became a leader in the Chinese market and a preferred
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Zhang’s leadership, UCC quickly became a leader in the Chinese market and a preferred
financial advisor to Chinese small & medium-size enterprises by successfully executing some
high profile private placement deals including AutoNavi (The Deal of the Year 2006 by
Zero2IPO and Forbes, listed in NYSE 2010), Anton Oil (listed in HKSE 2007), PPLive, BitAuto
(listed in NYSE 2010 ) and Hybio (listed in Shenzhen 2011). UCC was acquired and
restructured in 2011 to become fully owned subsidiary of Taconic Capital.
! TCG partners and senior advisors are among the most experienced bankers and managers in
China with previous senior positions in leading financial institutions including J.P. Morgan,
Merrill Lynch, Goldman Sachs, CICC, and United Securities.
! Total value of transactions by TCG partners has exceeded US$10 billion, covering industries in
consumer products, renewable energy, technology, telecom, equipments, healthcare and oil
field services.
Value Creation
We create value for clients by contributing our professional skills, experiences and innovation, through financial engineering, strategic consultation, deal initiation and execution, and asset management
Integrity
Be open and honest to clients. Treating all people right and with respect. We respect agreements written or oral, and act strictly within rules, regulations, policies and social responsibilities
Corporate Value
TACONIC CAPITAL
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Accountability
Our clients’ interests are the only thing that moves us to act, and we act with highest standards, optimum efficiency, innovation and result. We stay away from conflicts of interest, and can recommend the most suitable solutions at all time
Create long term return to corporate partners
Partnership
We focus on clients' long term interests and value creation. We treat clients as long term partners, and seek to become their “Adviser of the house” by providing continuous and comprehensive financial advice and solutions to aid their growth
Why TCG
Preeminent
Management
Team
! Top tier investment banking experiences
! Expertise in both overseas and domestic market
! Industrial thought leader and pioneer
Proven
Execution
Capability
! Multitudinous successful executions
! Tailored solutions to clients’ need and specific situation
! High service standard and quality work
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Client
Focus
! Senior partners devote and dedicate to each deal
! Building long term relationship
! Prioritizing client interest and high value-added services
Global & Local
Network
! Wide network of business leaders
! Long history of working with investors and advisors
! Frequent communication with regulators and government agencies
Services
Client Advisory Services
Corporate seeking financing
" Exclusive financial adviser in private equity placement, debt placement, mezzanine financing and bridge Loan financing
" LBO financing, deal structuring, valuation
PE/VC seeking investments
" Deal brokerage" Financial and business due diligence" Buy-side advisory
Corporate selling assets or " Exclusive sell-side advisory
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Corporate selling assets or businesses
" Exclusive sell-side advisory" Fairness opinions
Corporate seeking acquisitions
" Exclusive buy-side advisory" Advising in MBO/LBO
Pre-IPO Corporate" Independent financial advisory" Restructuring and Pre-IPO placements
Corporate & family office" Asset management, Investment strategy, tax & accounting
Services, etc
Industrial Focus
Healthcare
! Drug manufacturing! Pharmacy & Distribution! Medical devices! Medical consumptions! Nutrition! Hospital and clinics
Energy & Environment
! Energy! Renewable! Energy saving! Waste treatments! Water treatments! Environment monitoring
Consumer Products
! Food & Beverage! Retails & Restaurants! Education! Home appliance &
Furniture! Other consumer brands
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Transportation
! Transportation services! Distribution and logistics! Automobile and parts! Other moving equipments
Equipments & Materials
! Machinery equipments! Chemicals! Medals! New materials
Selected Transactions
Sell-side Advisor
2011
100% acquisition by
China ITS
Holdings
Exclusive Advisor
2011
RMB10,000,000
Series A Convertible
Preferred Shares
Exclusive Advisor
2011
RMB18,500,000
Series A Convertible
Preferred Shares
Sell-side Advisor
2012
70% acquisition by
China ITS
Holdings
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Exclusive Advisor
2007
Strategic
Investment
By AutoNavi
Exclusive Advisor
2007
RMB47,450,000Series A Convertible
Preferred Shares
002286.SZ
Exclusive Advisor
2007
US$12,000,000
Series B Convertible
Preferred Shares
Exclusive Advisor
2009
002011.!
RMB20,520,000Directional
Add-Issuance
2011 2011 20112012
Selected Transactions
Exclusive Advisor
2006
US$10,000,000
Series B Convertible
Preferred Shares
(BITA.NYSE)
Exclusive Advisor
2007
US$30,000,000Series A Convertible
Preferred Shares
300199.SZ
Exclusive Advisor
2007
US$30,000,000Series A Convertible
Preferred Shares
Exclusive Advisor
2007
US$14,000,000Series A Convertible
Preferred Shares
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Exclusive Advisor
2006
US$40,000,000
Series A Convertible
Preferred Shares
(AMAP.NSDQ)
2006
Exclusive Advisor
2006
600550.SH
RMB17,600,000Directional
Add-Issuance
2007 2007 2007
Exclusive Advisor
2005
US$35,000,000
Series A Convertible
Preferred Shares
(3337.HK)
Sell-side Advisor
2005
Sale of FA business
to UniCredit
Banking Group
Selected Investments
Direct Invest
2008
Cornerstone
Investment
01812.HK
Direct Invest
2009
US$25,000,000Convertible Notes
02468.HK
Direct Invest
2009
Equity Investment
300049.SZ
Direct Invest
2011
RMB200,000,000
Equity Investment
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2008
Direct Invest
2007
US$70,000,000
Equity Investment
Direct Invest
2007
US$75,000,000
Convertible Notes
CHDX.NSDQ
Direct invest
2008
US$12,000,000
Convertible
Preferred Shares
Direct Invest
2008
Pacific King
US$50,000,000
Secured
Convertible Notes
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2009 20092011
Other Transactions
Other additional transactions includes@
! Advising China Telecom (00728.HK CHA.NYSE) in its US$1,400,000,000 dual listing in HK and US
! Advising Jinxi Steel (00581.HK) in its HK$1,925,000,000 listing in HK
! Advising North China Pharmaceutical GroupA600812.SHBin its restructuring and strategic equity placement
! Advising China Reinsurance Group in their restructuring and strategic equity placement
! Advising Merrill Lynch in their sale of 40% stake in Tianrun Crankshaft to ThyssenCrupp
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! Advising Merrill Lynch in their sale of 40% stake in Tianrun Crankshaft to ThyssenCrupp
! Advising Carraro of Italy in their acquisition of Chinese axle maker
! Advising Pioneer Investment in its acquisition of Chinese asset management company
! Advising Poltrona Frau Group in its entry to Chinese furniture market
! Advising Teknova in its acquisition of Kontron, France
! Executing CNBM’s acquisition of 60 cement businesses with total transaction value over RMB7,000,000,000
International Reach
! Over the last 20 years Taconic bankers have successfully completed acquisitions, public and private debt and equity placements and joint ventures, with transaction values ranging from $10 million to $40 billion, across the most sophisticated financial markets
! Having worked in Hong Kong, Mainland China, Continental and Eastern Europe and the United States and thanks to its network of international partners, Taconic can offer its clients highly professional advisory service on a global basis
! Currently, Taconic has established working relationships with partners in the following countries:
– Germany
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– Germany
– Sweden
– Spain and Portugal
– Italy
– Poland
– Romania
– Canada