Hony Capital
Hony Capital is a Beijing-based private equity firm founded in 2003 and sponsored by Legend Holdings. It focuses on buyouts and growth investments in China, targeting sectors including pharmaceuticals and healthcare, consumer products, food and beverage, entertainment, environmental protection and new energy, as well as machinery and construction materials. The firm pursues a value creation approach, partnering with managers and entrepreneurs to build sustainable industry leaders. It invests in state-owned and privately owned enterprises, seeks scalable businesses with high earnings growth, and considers cross-border opportunities to leverage China's growth. With over USD 6.8 billion in assets under management across seven funds and more than 60 portfolio companies, Hony combines deep local knowledge with global resources and international best practices.
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Past deals in Malawi
Ofo
Series E in 2017
Ofo is a station-free bike-sharing platform that operates through a mobile application, addressing the "last mile" transportation challenge by providing an eco-friendly and efficient solution for short-distance travel. The platform connects over 10 million bikes to more than 200 million users across more than 20 countries, facilitating over 32 million daily transactions. Users can easily unlock bikes by scanning a QR code or entering the bike's plate number through the app, allowing them to find and return bikes anytime and anywhere without the need for docking stations. Ofo not only aims to enhance urban mobility but also partners with organizations such as the UN Development Programme to promote sustainability and healthy living. Additionally, Ofo collaborates with the Clara Lionel Foundation to support educational initiatives for schoolgirls in Malawi by providing bikes and scholarships.
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