The CEO of Bourbon exported to China
Posted by adminAtypical in French capitalism, Jacques de Chateauvieux is embarking on an unprecedented operation to a contractor of the Hexagon: IPO for a Chinese company on the Shanghai market. It includes a case rate the shipyards Sinopacific Shipbuilding, a small empire that makes $ 1.8 billion in sales and whose Jaccar, the personal holding company of Jacques de Chateauvieux holds 23.5% stake.
The public offerings of the company is in the pipeline since 2007 but it met with halting introductions imposed by Chinese authorities in the wake of the global financial crisis. Today, markets are reopened. And according to our information, Sinopacific just dropped his record updated in light of its 2009 accounts, the office of Constable of the Shanghai Stock Exchange.Objective: To be listed this year 2010.
Specifically, the transaction, advised by the Chinese bank Citic, will consist of a capital increase of around 15% to 18% of the capital. It would show a valuation of about $ 1.5 billion. Not bad for a company born in 2003, only the combination of Jacques de Chateauvieux and Simon Liang, a Chinese married to a French speaking, who was educated in France and the United States. The two men met when first proposed to sell in the supermarkets of the second Vietnamese – sold for an activity – the firs … plastic.
53 boats in one year
In 2003, the two entrepreneurs are going into the adventure by buying a naval shipyard privatization in Zhejiang province, then by taking another auction facility, in bankruptcy, in Jiangsu.The addition of the two sites account for the time employees and 1 500 pound … 3 boats a year. Eight years later, Sinopacific advanced to fifth place in the Chinese shipbuilding private and delivers two types of products: large commercial vessels, including bulk shipping, and smaller specialized boats in the offshore (gas, bitumen , …). 53 buildings are out of his workshops last year.
The explosive growth of Sinopia due to several factors. It is obviously correlated with that of China. Shareholders Sinopia also significantly expanded its capabilities.
Finally, Chinese shipyards have found a regular customer to the other great asset of Jacques de Chateauvieux, the Bourbon Group, which owns a quarter Jaccar capital. The world's leading specialist marine services, especially the oil companies, is leading a fleet of 369 ships.Last year, it accounted for a quarter of the order book Sinopia.
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