14 January 2013

Lincoln International Opens Office in Beijing, China

- Joe Chang to lead Lincoln China  
- Lincoln International now has 14 offices worldwide

13 January 2013 - Lincoln International, a leading global mid-market investment bank, today announced the opening of its Beijing office. As part of this expansion, Joe Chang has joined Lincoln International as Managing Director and CEO of Lincoln International in China (Lincoln-China). Joe joins Lincoln International from Morgan Stanley, where he was a Managing Director and Head of Investment Banking of Morgan Stanley Huaxin Securities. Lincoln International now has 14 offices worldwide, including 11 in the top nine global economies ranked by GDP. With the opening of its Beijing office, Lincoln International now has offices in all of the BRIC countries

Lincoln International has been active with Chinese companies since 2003 and has had personnel located in either Hong Kong or Shanghai since 2006. Historically, the focus of Lincoln International in China has been finding buyers on sell-side mandates for non-Chinese companies. 

Lincoln International has also worked with companies being sold that have substantial assets in China. Most recently, Lincoln International worked with Precision Partners to sell a subsidiary located near Shanghai. Finally, Lincoln international has worked on a selective basis with Chinese companies interested in making acquisitions outside of China.  

Lincoln International in China will offer merger and acquisition (“M&A”) advisory and capital raising services to its Chinese clients by leveraging its very active mid-market M&A and capital raising practices in Europe, North America, Japan, India, Russia and South America. While providing a full range of M&A services, the Beijing office will provide a best-in-class platform for introducing Chinese buyers to sell-side opportunities located outside of China. 

In expanding its presence in China, Jim Lawson, Lincoln International’s Chairman, commented, “We have been working with Chinese companies for many years. We decided to open an office in Beijing now because of the right combination of timing and leadership. We see the volume of cross-border acquisitions by Chinese companies increasing significantly over the next several years. Additionally, we found the right leader for the business - someone that is highly experienced in doing deals both inside and outside of China.” 

Joe Chang, Lincoln-China's CEO, said, “Chinese corporates are looking at cross-border M&A as a way to buy technology, brands and increase competitiveness both at home and abroad. There are more than 2,400 Chinese corporations listed on the Shanghai and Shenzhen stock exchanges and many of them have the financial flexibility to compete successfully in cross-border, mid-market deals. Lincoln International completes over 100 deals each year, a majority of which are sell-side M&A assignments. The firm’s mid-market opportunities in the U.S., Europe, Japan and other parts of the world are just what Chinese corporations want to access. I am excited to join Lincoln International and introduce these sell-side mid-market opportunities to Chinese corporates." 

In addition to Joe Chang, the Beijing office includes bankers experienced working with Lincoln International. One of the experienced members of the Beijing office is Charles Hedden. Charles has been working with Lincoln International in the U.S. since 2010. Charles is an American and fluent in English and Mandarin. 

Lincoln-China is in the process of forming an Advisory Board. Chen Shuang, CEO of China Everbright Limited, is joining the Lincoln-China Advisory Board. 

Lincoln International specializes in merger and acquisition advisory services, debt advisory services, private capital raising and restructuring advice on mid-market transactions. With fourteen offices in the Americas, Asia and Europe, Lincoln International has strong local knowledge and contacts in key global economies. 

Source: Lincoln International