| Type | Private company |
|---|---|
| Industry | Financial Services |
| Founder(s) |
Peter Batey, OBE |
| Headquarters | Beijing, China |
| Products | Financial Services Investment Banking Advisory |
| Employees | >50 (January, 2010) |
| Website | www.vermilion-partners.com |
Vermilion Partners Ltd (Chinese: 银硃合伙人有限公司) is an investment banking advisory firm based in China. The firm provides advice on mergers and acquisitions, restructuring and capital raising to corporations, partnerships, institutions, governments, and individuals. Vermilion remains privately owned.
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It has provided assistance in establishing dozens of foreign-owned companies and joint ventures with accumulated total investment totaling one billion dollars.[1]
From January 2007 to June 2011, they acted as lead adviser to Diageo [2] in its staged acquisition of a controlling stake in Chengdu Quanxing Group.[3] Chengdu Quanxing Group is the parent company of Swellfun, a super-premium baijiu manufacturer. The deal is notable in that it is one of the first foreign acquisitions of a big Chinese listed company.[4]
Other notable deals in which Vermilion have acted as lead adviser include the Royal Bank of Scotland's joint venture with Guolian Securities, and a 'hat-trick' of acquisitions [5] for Smiths Group and its subsidiaries. It was an adviser in the acquisition of Zhejiang Zheda Medical Instrument Co., Ltd (“ZDMI”).[6] According to the President of Smiths Medical, the deal expanded its access to the rapidly expanding Chinese market and provided opportunities for growth.[7] Vermilion Partners also advised Smiths Group on the acquisition of Shenzhen Dowin Lighting Technologies, a market-leading Chinese producer of surge protection devices and Allrizon Tongguang, a Shanghai-based communications equipment firm.[5]
Vermilion is an active private equity investor in middle-market Chinese businesses.