Mao Geping (01318) signed a strategic cooperation framework agreement with Luwei Kaiteng

Zhitong Finance App News, Mao Geping (01318) announced that the company recently signed a strategic cooperation framework agreement with L Catterton Asia Advisors (including itself and its respective related parties, collectively known as “Luwei Kaiten”). The two sides reached strategic cooperation intentions in global market expansion, acquisition and strategic investment, further optimization of capital structure, and talent introduction and governance.

According to the framework agreement, Luwei Kaiteng will use its global investment layout and strategic partner network to assist and empower the Group's brands to expand overseas high-end retail channels; in addition, the two sides plan to jointly establish an equity investment fund focusing on the global high-end beauty sector to inject new impetus into the long-term development of the Group; at the same time, the two sides will also cooperate in further optimizing the capital structure and introducing and managing talents. The framework agreement is a guiding strategic agreement for cooperation between the two parties. After finalizing the details of the cooperation, the two parties will sign one or more final cooperation agreements in accordance with applicable laws and regulations, and publish announcements in due course in accordance with the Hong Kong Stock Exchange Limited securities listing rules (if applicable).

Louis Catterton (English name: L Catterton) is the world's leading consumer investment institution, managing approximately US$39 billion in equity capital through three diversified product platforms: private equity, credit and real estate. The organization comprehensively lays out high-quality targets in the consumer sector, and has diversified investment capabilities covering the entire life cycle of an enterprise. The scale of a single investment can cover 5 million to 5 billion US dollars. Relying on deep industry insight, excellent operation management capabilities and an extensive strategic resource network in the global consumer industry, Luwei Kaiteng has deployed more than 200 investment and operation experts in 18 offices around the world and collaborated deeply with management teams to continue to create differentiated value for the investment portfolio. Since its establishment in 1989, Luwei Kaiteng has invested in more than 300 world-renowned consumer brands around the world.

The company believes that the proposed strategic cooperation under the framework agreement is in line with the Group's long-term development goals and business development strategy. The cooperation between the two sides will give full play to their respective resource advantages and professional advantages, achieve complementary advantages, mutual benefit and common development, and conform to the overall interests of the company and shareholders.