HONG KONG--(Marketwire - June 1, 2010) - ARC China Holdings Limited, a Hong Kong-based investment firm focused on investing in China's domestic consumption‐oriented high‐growth enterprises in developing Tier II and III cities, is pleased to announce the appointment of Byron Sproule as a Managing Director. He will be based in New York City and joins the company's existing team of over 30 on-the-ground professionals in China.
Mr. Sproule has advised a wide range of public and private companies in the technology and industrial sectors for over a decade. He has assisted companies with acquisitions, divestitures and mergers of public and private companies, leveraged buy-outs by financial sponsors, initial public offerings, and the raising of debt and equity capital. He has also provided financial and strategic advice to public large cap companies as well as to numerous seed, early and growth stage private companies.
"I very much look forward to joining the ARC China team and working with a firm so uniquely positioned to capitalize on the range of opportunities available right now in China," said Mr. Sproule. "I believe there are a number of fundamental changes going on in the Chinese economy. ARC China is a leader in developing the necessary corporate infrastructure and has a business model that focuses on extensive due diligence to truly capitalize on these new investment opportunities."
Mr. Sproule most recently held the position of Managing Director at China-focused M&A advisory firm Knox & Co. While there he advised China Holdings Acquisition Corp., a $125 million China-focused SPAC, on their acquisition of Jinjiang Hengda Ceramics, which subsequently became the publicly listed company China Ceramics Co. Ltd. Prior to working at Knox, he was a Senior Vice President within the Technology Investment Banking group at JP Morgan and a senior banker within the Technology Investment Banking group at Jefferies Broadview.
Mr. Sproule spent seven years working at Lehman Brothers both within the Technology Investment Banking Group in New York and the Mergers and Acquisitions group in London. He began his investment banking career at Salomon Smith Barney, where he focused on industrial companies. He holds his MBA from the University of Western Ontario (Ivey School of Business) and a B.Sc. in Electrical Engineering from Queen's University in Kingston, Canada.
About ARC China Holdings Limited
ARC China Holdings Limited, together with its affiliates, is an investment firm focused on investments in entrepreneur-owned small and medium sized enterprises located in Tier II and Tier III Chinese cities. We seek to create value for our investors and companies we invest in by applying our professional experience and relationships to help companies upgrade their management teams, technology, systems, and business processes. Our team of experienced investment professionals and in-house due diligence analysts deploy a proven and unique on-the-ground activist investment strategy of making value-oriented highly involved, exit-driven equity investments in a diversified portfolio of domestic consumption-focused high-growth Chinese businesses. We also provide various financial advisory services, for both inbound and outbound China transactions. For more information, please visit http://www.arcchina.cn.
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Contact:
ARC China Holdings Limited
19th Floor, Yat Chau Building
262 Des Voeux Road Central
Hong Kong
Phone: +852 3972 7153
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