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Private Equity

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Investments

7

Portfolio Exits

1

Funds

1

About Honest Capital

Honest Capital is a venture capital firm based out of Suzhou, China.

Honest Capital Headquarter Location

Zhiyuan Internantional Business Building 101 Kefa Road, South Block, Room 1503

Suzhou, Jiangsu, 215000,

China

86 512-65571812

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Latest Honest Capital News

At Home Group's largest shareholder opposes sale of retailer

May 17, 2021

The move comes as hedge fund Honest Capital said on Tuesday that it opposes the deal between At Home and Hellman & Friedman, even as the U.S. home goods retailer searches for a higher bid. Honest Capital wrote to the company's board of directors to argue the $36-per-share all-cash deal was too low a valuation for At Home, given that it has plans to more than double its number of stores to 600 and consumers have more cash to spruce up their decor. Reuters | Updated: 17-05-2021 05:27 IST | Created: 17-05-2021 05:27 IST The largest shareholder of At Home Group Inc said it intends to vote against the deal to take the U.S. retailer private at $36 per share, according to a letter obtained by Reuters. CAS Investment Partners in a letter to At Home's board of directors on Sunday said that it plans to vote against a $2.8 billion sale of the retailer to private-equity firm Hellman & Friedman. CAS holds about 17% of the retailer's shares. The shareholder believes the current deal to sell At Home for $36 per share "grossly undervalues the company and deprives stockholders of anything resembling a fair premium", the letter said, adding that it expects to contend for a more realistic valuation at $70 per share or more. At Home did not immediately respond to a request for comment. The Wall Street Journal first reported that CAS plans to oppose the deal to sell the retailer at $36 per share. The move comes as hedge fund Honest Capital said on Tuesday that it opposes the deal between At Home and Hellman & Friedman , even as the U.S. home goods retailer searches for a higher bid. Honest Capital wrote to the company's board of directors to argue the $36-per-share all-cash deal was too low a valuation for At Home , given that it has plans to more than double its number of stores to 600 and consumers have more cash to spruce up their decor. Earlier this month, At Home Group said that Hellman & Friedman will take the company private in a deal valued at $2.8 billion, at a time when demand for home decor and home-furnishing products is booming. (This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) Share

Honest Capital Investments

7 Investments

Honest Capital has made 7 investments. Their latest investment was in Matrixtime Robotics as part of their Series A - II on August 8, 2021.

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Honest Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/26/2021

Series A - II

Matrixtime Robotics

Yes

8

8/24/2021

Unattributed VC - III

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$99M

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10

7/29/2021

Series B - II

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$99M

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10

6/23/2021

Series A

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$99M

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10

4/1/2021

Series A

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$99M

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10

Date

8/26/2021

8/24/2021

7/29/2021

6/23/2021

4/1/2021

Round

Series A - II

Unattributed VC - III

Series B - II

Series A

Series A

Company

Matrixtime Robotics

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Amount

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

8

10

10

10

10

Honest Capital Portfolio Exits

1 Portfolio Exit

Honest Capital has 1 portfolio exit. Their latest portfolio exit was Longyan Kaolin Clay on April 16, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

4/16/2021

IPO

$991

3

Date

4/16/2021

Exit

IPO

Companies

Valuation

$991

Acquirer

Sources

3

Honest Capital Fund History

1 Fund History

Honest Capital has 1 fund, including 苏州敦行价值创业投资合伙企业 (Suzhou Dunxing Value Investment Partnership).

Closing Date

Fund

Fund Type

Status

Amount

Sources

苏州敦行价值创业投资合伙企业 (Suzhou Dunxing Value Investment Partnership)

1

Closing Date

Fund

苏州敦行价值创业投资合伙企业 (Suzhou Dunxing Value Investment Partnership)

Fund Type

Status

Amount

Sources

1

Honest Capital Team

1 Team Member

Honest Capital has 1 team member, including current President, Yangguang Ma.

Name

Work History

Title

Status

Yangguang Ma

President

Current

Name

Yangguang Ma

Work History

Title

President

Status

Current

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