PAG
太盟投资集团
PAG (太盟投资集团, or Pacific Alliance Group) is an alternative investment firm co-founded by Weijian Shan , whose China strategy has centered heavily on buyout deals rather than passive financial stakes. Its signature move in the Chinese market has been building a domestic industrial-gases champion: it took Yingde Gases private for roughly HK$10 billion , acquired a 65% stake in Shanghai Baosteel Gases , and merged the two into AirPower . More recently, PAG led a RMB 66 billion consortium to take New Daming private , recruiting Ping An, Sunshine Insurance and a dozen banks into the buyer group . The firm also holds a historical minority position in Tencent Music Entertainment Group . Elsewhere's corpus does not cover PAG's founding date, AUM, or non-China footprint.
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Coverage
"PAG's China Picture Is Just Beginning to Unfold, as 'One Step Forward, One Step Back' Sets Two Records"
Only pick the fruit you can see.
Starbucks China Sale Enters Final Round | Mega M&A
Far from the end.
Revisiting Shan Weijian: Plain Water and Financial Storms
Drink the lightest water, close the biggest deals.
Goodbye to a Decade of Venture Capital | Waves' Second Anniversary
Keep moving forward. Don't look back.
Buyouts in China: A "Boy Who Cried Wolf" Fable
After so many cycles of euphoria and heartbreak, will Chinese buyouts finally deliver a different ending this time?
A Conversation with Weijian Shan: Always Be Prepared
Even when cast into a barren wilderness of nothingness, a person can still make their own choices.
