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Hillhouse Capital

OVERALL

Owned
CHN
Rating
No rating

Private equity firm

Asia-focused private equity firm founded in 2005 by Lei Zhang, with over US$50b under management. Acquired Philips' Domestic Appliances business in 2021.

Hillhouse Capital Management Ltd   CHN     website   email      

> About the Ratings

Company Assessment

PRAISE CRITICISM INFORMATION
Hillhouse Capital Management Ltd
Business Ethics Child abuse scandal in China
In 2017, a child abuse scandal at RYB Education Inc. reduced its stock price by nearly 40%. The collapse cost the company's top ten institutional investors, including this company which is China's largest private equity fund, a combined US$52 million on paper. The losses might have been avoided if investors had taken into account some inherent weaknesses in RYB's business model which had a lack of background checks on teachers, and an increasing dependence of a network of lucrative franchise operations over which the parent company had little control. If more diligence work has been done by Hillhouse Capital, it could have avoided a two-day paper loss of US$4.4 million on the 430,000 RYB shares it holds.
Source: China Money Network (2017)

> About the Icons

Company Details

Type Private company
Founded 2005
Subsidiaries Philips Domestic Appliances 

Domestic appliances

In 2021 Philips sold its Domestic Appliances business (kitchen, coffee, garment care and home care appliances), along with a 15-year brand license agreement, to Hillhouse Capital.

Contact Details

Address China
Email contactus@hillhousecap.com
Website www.hillhousecap.com

Products / Brands

Philips Domestic Appliances
Philips Vacuum Cleaners
Philips Coffee Machines
Philips Small Kitchen Appliances
Saeco Coffee Machines


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