LED PE, VC industry capital stir Martini

This year has been included in the government work report of strategic emerging industries is becoming the most worthy of investment in the eyes of VC, PE. According to the clear research center data show that since last year, venture capital and private equity investment institutions investing in new energy and other strategic emerging industry funds by quarter showed an increasing trend, especially the new energy, the Internet and other areas of investment in heat continues to heat up.

Foshan nationstar starting in April 2nd will be aroused many led companies listed expected. The capital agitation LED industry, but it is not a matter of time, in the economic cooperation, Shenzhen Albert cause, and even Zhejiang folk capital are emerging in the layout of the LED enterprise. The industry believes that in 2010, some of the packaging giant will rise, some of which have been completed to attract strategic investment and listed in preparation.

Capital staring LED industry

According to industry insiders said the investment, a large power LED chip companies in Guangzhou has been a world-renowned PE concern, is expected to be completed in the first round of hundreds of millions of yuan of financing. At the same time, in the packaging industry ranked in the top five of the only 2 days after nationstar, make already listed expected REFOND, honglitronic other enterprises to accelerate the pace of capital; strengthen the layout of the LED industry confidence.

Statistics show that in 2009 a total of more than 20 billion of capital into the LED industry, such as Tsing capital investment of $30 million, $30 million in venture capital investment Neoneon Jinsha River is too light when the core, IDG, open investment fund joint Zhejiang private capital investment HC semitek; invest in LED chain.

Focus on chip packaging Ruifeng photoelectric recently got a well-known household electrical appliance enterprises 80 million of strategic investment, talking about this financing experience, Gong Weibin, general manager of Ruifeng photoelectric view of the chaos in the quiet taste. According to him, Ruifeng nearly two years of operation and financial situation is very good, according to the annual growth rate of 50% per year, the company's desire for financing is not strong. He said that a lot of venture capital over the past, but the company has been adhering to the strategic investment.

Gong Weibin believes that the current LED industry is very hot, and the future of LED leading enterprises should have the following three conditions. Is there a LED TV or use LED backlight products as a final market brands, such as SKYWORTH, Konka, Hisense, TCL and so on; two is also the layout of the LED lighting business, because from the LED dispersion, lighting and backlighting is a very good complementary; three is a semiconductor based enterprises. He pointed out that at the same time, the company has the three conditions of the enterprise is not yet, but the most opportunity to become a leader in the enterprise is LED TV companies, which is the starting point for the selection of strategic partner ruifeng. The use of the investment, Ruifeng will increase the capacity of LED backlight and lighting devices. Packaging giants are listed in the plan

Although listed companies such as Sanan Optoelectronics (600703), de Ho Runda (002005) are frequently involved in LED packaging business, but in addition to the latest ever nationstar, had no domestic scale in packaging industry in listed companies. The industry is expected in 2010 this situation will be changed. Jiuzhou optoelectronics, honglitronic, REFOND have the idea of listing; among them, PHILPS shares or Jiuzhou photoelectric, may promote the listing of the future.

In the first half of 2010, there are at least a dozen LED companies have listed intentions, most of which will be in the small board. From the LED industry chain, the upstream epitaxial wafers need large investment, but small gains, especially has been Silan (600460), Sanan optoelectronics and other listed companies, "suppress" the capital power is not too big. Therefore, many small amount of investment will flow downstream. Packaging is one of the important links.

From the production point of view, China's LED packaging accounted for 70% of the world, and in the low-end devices in the field has a very high share. 2010 will be expected to lead the packaging of some of the capital operation of the hands of the rise.

The emergence of more LED companies will make the competition more intense. Listed companies to expand the use of capital market financing, will form a huge pressure on other companies, industry reshuffle inevitable.

PE, VC Martini

Many small LED companies have capital bottlenecks, most of them are technology-based enterprises, and has never been docking with the capital, and even the relevant exhibition has not participated in.

From the point of view of attracting investment, these companies are often not PE's food". More investment in the latter part of the PE will look at the top three segments of the industry segments, these companies will be the first camp of small plates or GEM listed companies. According to experts, there are currently 43 companies are engaged in the reform of the shares, and has completed the transformation of joint-stock enterprises, especially favored by PE. But on the other hand, these companies in the area of technology, but it is the object of VC capture.

Reporters learned that, VC is more inclined to have a unique technology (such as power supply, IC drivers and other segments of the breakthrough), and can help solve some of the key issues in the industrial chain of enterprises. These enterprises are relatively large customer base, the market space is also wider. But the problem is that in the LED industry, investors are also very superficial understanding of technology, so there is a risk in judging the enterprise. At this point we need to use some professional institutions to judge the value of technology.

At present, not only venture capital and PE, including the capital of listed companies, Zhejiang folk capital, but also to invest in mergers and acquisitions in this field. In January this year, Zhejiang folk capital to participate in the Wuhan Hua Guang photoelectric