Original disclosure @ IFC website
Updated in EWS Jan 10, 2020
Disclosed by Bank Feb 25, 2019
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According to the bank document, Lionbridge is established in 2012 and led by a group of leasing experts with extensive industry experience and provides financial leasing and extended operational services to micro/small-enterprises and individuals primarily in the sector of commercial vehicle leasing.
By the end of September 2018, the outstanding leasing receivables of Lionbridge reached RMB 12.72 billion (US$1.9 billion equivalent) which was primarily relating to truck leasing.
According to the management account of the financial statement as of end September 2018, the total asset of Lionbridge was RMB 16.9 billion, and the total equity was RMB 2.7 Billion.
The proposed project consists of a three year up to US$20 million USD loan from IFC’s own account and potential mobilization.
Bain Capital acquired the Company in 2014 and is now the controlling shareholder holding 61.76% stake in Lionbridge. The remaining stake is held by Baidu.com (11.11%), Sunshine insurance (11.11%) and the management team (16.02%).
Bain Capital was founded in 1984 and is one of the world’s leading private equity and alternative asset management company with AUM of approximately US$105 billion. Bain Capital’s investment in China mainly focused on the following sectors including consumer products, healthcare, TMT, and financial institutions & services.
Baidu, Inc., incorporated in 2000, is a Chinese multinational technology company specializing in Internet-related services and products and artificial intelligence. It is one of the largest AI and internet companies in the world.
Sunshine Insurance Group founded in 2005 is one of the largest insurance companies in China
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||Lionbridge Financing Leasing (China) Co., Ltd.||Client||-|
Lionbridge Financing Leasing (China) Co., Ltd
Mr. Jun Wan - CEO
Chaoyang District, Beijing.100102
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Washington DC 20433
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