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Hony Capital is a Chinese private equity firm, owned by Legend Holdings. Legend Holdings provided Hony, a pioneer in China's private equity industry, with its start-up capital. Hony has about US$7 billion under management. According to Hony, its core strategy is to invest in large state-owned enterprises and restructure them to increase profits. Hony also invests in overseas consumer brands in order to create value by expanding their presence in China. ==Investments== In 2008, Hony assisted Zoomlion Heavy Industry Science & Technology purchase Italian equipment manufacturer Compagnia Italiana Forme Acciaio.〔 Through its subsidiary Hony Capital, Legend acquired PizzaExpress for US$1.54 billion from private equity fund Cinven in 2014. Hony plans to open hundreds of new PizzaExpress restaurants in China and India. Hony claims it can help PizzaExpress create more value in China using its extensive experience and network in its home market. Hony paid with US$ billion in debt with the remaining amount in equity. JP Morgan acted as Hony's adviser for this transaction.〔()〕〔()〕 Hony worked with American buyout firm TPG Capital in 2014 to invest about US$1 billion in a new Hollywood movie studio, STX Entertainment, to make films for worldwide distribution.〔 STX is run by film producer Robert Simonds. The studio plants to produce movies with budgets of $10 million to $80 million. STX says it will release as many as 15 films per year by 2017. Through firms it controls, Hony Capital sold off about US1.26 billion in stock in CSPC Pharmaceutical in April 2015 to take advantage of rising share prices. Hony completely divested itself of CSPC Pharmaceutical equity. The shares were sold at prices ranging from HK$7.03 TO HK$7.15 each.〔()〕 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Hony Capital」の詳細全文を読む スポンサード リンク
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