The Carlyle Group Establishes Third Office in China; Beijing Office Will Foster Growth Capital, Buyout and Real Estate Activity in China through Carlyle's $1 Billion in Asian Investment Assets"

Beijing, China – Global private equity firm The Carlyle Group today established an office in Beijing, its third fully staffed office in China. The office has four investment professionals initially – two from the Growth Capital team, one from the Buyout team and one from the Real Estate team – and is expected to grow in the coming months. Carlyle now has 57 investment professionals operating out of seven offices throughout Asia.

Since 1999 Carlyle has conducted buyout, growth capital and real estate investments in the pan-Asian region from offices in Hong Kong, Seoul, Singapore, Shanghai and Mumbai. Carlyle’s three Asian funds have more than $1 billion in assets to invest in the pan-Asian region.

Wayne Wen-Tsui Tsou, Managing Director and Head of the Carlyle Asia Growth Capital group, said, “In addition to being the Chinese capital, Beijing is the national headquarters of key strategic Chinese industries including telecom, media, IT, banking and energy. Furthermore, the ‘Zhongguancuan’ district of Beijing is the ‘Silicon Valley’ of China and houses the highest concentration of new-industry high-growth entrepreneurial companies in China, many of which have been among the first private Chinese companies to list on the NASDAQ.”

Jason H. Lee, Managing Director and Head of the Carlyle Asia Real Estate team, said, “We are excited about the growth prospects of the real estate market in Beijing. Carlyle’s new office in Beijing demonstrates our commitment to participating in the urbanization and development of Beijing.”

Xiang-Dong (X.D.) Yang, Managing Director and Co-head of the Carlyle Asia Buyout team, said, “Carlyle's presence in Beijing will significantly enhance our profile, network, and geographic and industry coverage in China. With buyout, growth capital and real estate teams in place in Beijing and Shanghai as well as Hong Kong, we are strongly positioned to seize the opportunities that abound in China.”

Carlyle has three funds that invest in the pan-Asian region:

• Carlyle Asia Partners – $750 million buyout fund


• Carlyle Asia Venture Partners I – $159 million venture fund


• Carlyle Asia Venture Partners II – $164 million venture fund

Selection of Carlyle’s growth capital and buyout investments in Chinese companies:

• Ctrip.com International, Ltd. – Leading travel aggregator; invested in 11/00; company listed on the NASDAQ in 12/03; Shanghai-based.


• Target Media – Leading in-building interactive media company; invested in 8/05; Shanghai-based.


• Amperex Technology Limited – Manufacturer of lithium-ion polymer batteries for mobile devices; invested in 6/03; Hong-Kong-based.


• Huaya Microelectronics – Integrated circuit design company; invested in 12/03; Shanghai-based.


• Boto International – World’s largest manufacturer of artificial Christmas trees; invested in 8/02; Hong-Kong-based.


• Pacific China Department Stores – Leading department store chain; invested in 5/01; Shanghai-based.

Contact information for Carlyle Beijing office:
2418, South Office Tower, Beijing Kerry Centre No. 1, Guang Hua Road Chaoyang District Beijing 100020, China; Telephone: (8610) 8529-8823

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