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David Liu KKR Investment China Announcement

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David Liu of KKR, the private equity firm, annouces that it is investing in China.

David Liu of KKR, the private equity firm, annouces that it is investing in China.


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  • 1. KKR Announces Investment in China OutfittersHONG KONG & NEW YORK--(BUSINESS WIRE)-- Kohlberg Kravis Roberts & Co. L.P. (together with its affiliates, "KKR") todayannounced that KKR China Growth Fund L.P., a China focused investment fund managed by KKR, has entered into a definitiveagreement to invest US$60 million into China Outfitters Holdings Limited ("China Outfitters"), a leading menswear retailer inChina. KKR was a cornerstone investor in China Outfitters Initial Public Offering.China Outfitters is a leading and fast-growing menswear design, manufacturing and sales company in China. It offers a widerange of mens casual wear under several well-known brands locally with foreign origin, including JEEP, Santa Barbara Polo &Racquet Club and London Fog. China Outfitters has built up an extensive sales network comprising more than 1,000 storesnationwide, delivering 34% and 81% revenue and net income CAGR over the past three years."We are very impressed by KKRs global resources and China teams strong track record in China," said Zhang Yongli, CEO ofChina Outfitters. "China Outfitters truly values KKR as a long-term partner to further grow our business as KKR will be able toprovide China Outfitters with valuable advice and support on areas for operational improvement, capital markets access andstrategic initiatives.""KKR is investing in China Outfitters because of their high quality and dedicated management team with solid executioncapabilities, strong performance and long-term vision for the future," said David Liu, Member of KKR and CEO of KKR GreaterChina. "In addition, the menswear market in China has enormous growth potential. Market leaders such as China Outfittershave significant room to increase market share. We look forward to fully utilizing our global resources and working with them tofurther grow the business."ABOUT China Outfitters Holdings LimitedChina Outfitters is a fast-growing, menswear-focused apparel design, manufacturing, marketing and sales company in China.The Company offers a wide range of mens casual wear under several internationally renowned, mid-to-high end brands,including JEEP, Santa Barbara Polo & Racquet Club, Sideout, Hallmark and London Fog. China Outfitters has an extensivesales network comprising 416 self-operated stores and 590 franchised stores located in 244 cities across 31 provinces,autonomous regions and municipalities in China, as of September 30, 2011. The varied brand offerings and emphasis on thequality, design and style of the products help to differentiate China Outfitters. For additional information, please visit ChinaOutfitters website at www.cohl.hk.ABOUT KKRFounded in 1976 and led by Henry Kravis and George Roberts, KKR is a leading global investment firm with $58.7 billion inassets under management as of September 30, 2011. With 14 offices around the world, including Beijing, KKR manages assetsthrough a variety of investment funds and accounts covering multiple asset classes. KKR seeks to create value by bringingoperational expertise to its portfolio companies and through active oversight and monitoring of its investments. KKRcomplements its investment expertise and strengthens interactions with investors through its client relationships and capitalmarkets platform. KKR is publicly traded on the New York Stock Exchange (NYSE: KKR). For additional information, please visitKKRs website at www.kkr.com.KEY MEDIA CONTACTS:KKR (New York)Kristi Huller, +1 212 230 9722kristi.huller@kkr.comorChina Outfitters Holdings LimitedMak Yue Ping, Austin, +852 2986 6288austin.mak@cohl.hkorNew Alliance Consulting International (for KKR China)Gemma Tian, +86 6580 9518/+86 139 1196 0572gemma@alliance.com.cnor
  • 2. Hill+Knowlton Strategies (for KKR Asia)Hong KongLinda Pui, + 852 2894 6378linda.pui@hillandknowlton.com.hkSource: HILL AND KNOWLTON ASIA LTD and KKRNews Provided by Acquire Media