DALIAN, CHINA--(Marketwire - June 16, 2010) - ARC China Inc., a Shanghai subsidiary of Hong Kong-based investment firm ARC China Holdings Limited, today announced it has opened a new regional office in Dalian, China. ARC China, founded by Adam Roseman, is focused on investing in China's domestic consumption‐oriented high‐growth enterprises in developing Tier II and III cities. Dalian is considered to be a financial center of Northeast China and has a registered population of over 6 million people.
The strategic location will allow ARC China's team to better offer on-the-ground operational support for its Liaoning Huayuankou Investment Fund ("the Fund"), a private equity fund established earlier this year through a joint investment with the Westly Group totaling up to RMB 1 billion (up to approximately US$146 million) and the first private equity fund in Dalian in partnership with the local government. The Westly Group is a private equity firm located in Menlo Park, California and led by former California State Controller (Chief Financial Officer) and eBay executive Steve Westly, and 30-year investment banking and venture capital veteran Mike Dorsey.
"As part of our ongoing expansion, ARC China is pleased to open its newest office in Dalian," said Adam Roseman. Roseman continued, "The addition of this office will be extremely beneficial in allowing us to offer day-to-day support for the Fund as well as grow our operations in one of China's premier financial centers."
ARC China's Dalian office is located at Suite 819, Sweetland Executive Building, No.171 Changchun Road, Xigang District, Dalian 116011, P.R. China.
About ARC China
ARC China 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.
Contact Information:
Contact
Adam Roseman
ARC China
23 on the Bund
The Bank of China Building, 14th Floor
23 Zhongshan East No.1 Road
Shanghai 200002, P.R. China
Phone: +86 21 6323 1717
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