What DGC does

Shenzhen DGC Private Equity Investment Fund Management Co., Ltd. (道格资本 / DGC Capital) is a privately-held private equity and investment banking firm founded in 2010 and headquartered in Shenzhen's Futian District central business district. The firm provides direct equity investment, investment banking services, financial advisory, asset restructuring, M&A advisory, asset management, and capital market transaction planning services to growth-stage Chinese enterprises preparing for domestic or overseas listings, operating through a "three-dimensional" business model comprising equity investment funds, M&A funds, and industrial funds with stated PE/M&A fund management scale exceeding 50 billion RMB.

The firm's core competency is cross-border capital market execution, demonstrated by landmark transactions including the HKD 2.5 billion Peak Sports privatization from Hong Kong (2016, originated "Peak Model" cross-border structure), the Migao Group privatization (2016), the Baopaolong fashion design IPO (2015) and 2 billion RMB industrial M&A fund partnership (2017), and the November 2023 Beijing Stock Exchange listing of portfolio company Meixin Yishen (873833). DGC monetizes through standard PE economics — recurring management fees on committed capital plus performance carry on successful portfolio exits — supplemented by advisory and restructuring fees. Deal flow is generated almost entirely through senior professional networks, strategic alliances with mainstream Chinese PE investors, and ongoing relationships with international brokers and Big Four accounting firms across Hong Kong, the US, and Singapore. The portfolio spans consumer (Peak Sports, Baopaolong, Meten English, Tenfu Tea), new energy (Qingdian Photovoltaic, Suntech Power), precision manufacturing (Meixin Yishen), services (Lichuang Quality, Damai E-commerce), and frontier technology (Gurulin Technology, VR/metaverse education), with major financial LPs including China Merchants Capital, CITIC Construction Investment, GF Securities, Qianhai Mother Fund, Guangda Sports Fund, and China Minsheng Bank. The firm is led by chairman Xu Chenyang, who has been making consumer-sector and cross-border investments since 2005.

Name

DGC

Legal name

深圳道格私募股权投资基金管理有限公司

Website

https://dgcpe.com

Company type

Private

Founded year

2010

Operating status

Operating

Short description

DGC Capital is a Shenzhen-based private equity and investment banking firm founded in 2010 that provides direct equity investment, M&A advisory, and capital market services to growth-stage Chinese enterprises. It focuses on cross-border (China-HK-US-Singapore) transactions and operates PE, M&A, and industrial funds.

Ownership category

akta.pro rank

Product category

Private Equity & Investment Banking

NAICS

Portfolio Management and Investment Advice (523940), All Other Financial Investment Activities (52399), Other Financial Vehicles (52599)

SIC

Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Equity Capital Advisory (Private Equity Placements, Growth Capital) (BPAHAOAE)

akta.pro secondary industries

Capital Raising Advisory (Equity & Equity-Linked) (FSAEAGAC), Co-Investment / Direct Allocation Platforms (alongside FoF) (FSANAGAK)

Keywords

• Private equity investment
• Investment banking advisory
• M&A advisory
• Equity investment management
• Asset restructuring services

Headquarters

HQ city

Shenzhen

HQ country

China

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Investment Management: DGC generates revenue through managing private equity funds and collecting management fees, as well as carry/performance fees from successful portfolio company exits.
2. Investment Banking and Advisory: Provides financial advisory services including M&A advisory, asset restructuring, and capital market transaction planning for enterprises seeking listing or strategic transactions.
3. Direct Equity Investment: Direct equity investments using proprietary capital and strategic alliance funds, generating returns through portfolio company exits via IPO or strategic sale.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

DGC provides direct equity investment using proprietary funds and strategic alliance capital, investment banking services, financial advisory, asset restructuring, M&A advisory, and high-tech enterprise restructuring services for growth-stage enterprises planning domestic or overseas listings. The firm also manages private equity funds, M&A funds, and industry funds through Shenzhen DGC Private Equity Investment Fund Management Co., Ltd., with a stated management scale of RMB 200 billion.

Product overview

DGC (深圳道格私募股权投资基金管理有限公司) is a private equity investment fund management company providing investment banking, financing, and investment management services. The company focuses on investing in growing enterprises planning to list on domestic and overseas markets, representing DGC Capital and its strategic investment alliance for equity investments. Services include direct equity investment, financial advisory, asset restructuring, M&A advisory, asset management, and high-tech enterprise restructuring. The company has established strategic investment alliances with domestic and international securities companies, professional investment firms, and listed companies to achieve optimal allocation of investment resources.

Differentiator

Problem solved

Functional benefit

Products and services

• Private Equity Investment Funds

Quantifiable outcome

• Created 'Peak Model' enabling HK privatization without capital outflow, significantly reducing privatization difficulty and increasing success rate for domestic investors

Named customers9 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

17 partnerships are on record, tiered major, core and minor.

• Qingdian Group / Qingdian Photovoltaic Technology (清电集团/清电光伏科技)majorStrategic or Co-development Partner · 1 January 2023DGC participated as co-investor in 1.5 billion RMB Series A financing. Qingdian Group has polysilicon and monocrystalline silicon operations and planned photovoltaic manufacturing base in Hami and Hefei.
• Suntech Power / Shunfeng Photovoltaic (尚德电力/顺风光电)coreStrategic or Co-development Partner · 1 January 2023DGC signed 500 million RMB new energy industry fund with Suntech Power and SuMa Modern Industrial Park Management Committee. Fund to attract upstream/downstream photovoltaic companies and new energy enterprises to the park.
• SuMa Modern Industrial Park (宿马现代产业园区)coreStrategic or Co-development Partner · 1 January 2023Government-backed industrial park in Anhui Province. Partnered with DGC and Suntech Power to establish 500 million RMB new energy industry fund.
• Baopaolong (柏堡龙)coreStrategic or Co-development Partner · 1 January 2017China's first A-share listed fashion design company. DGC co-founded 2 billion RMB industry M&A fund with Baopaolong to focus on fashion-related industries and build 'Global Fashion Design Ecosystem'. DGC was early investor and helped Baopaolong IPO in 2015.
• Meixin Yishen (美心翼申)coreStrategic or Co-development PartnerDGC invested in Meixin Yishen, a national-level specialized 'Little Giant' enterprise. Company successfully listed on Beijing Stock Exchange in November 2023 with DGC's support.
• Gurulin Technology (格如灵科技)majorStrategic or Co-development PartnerDGC invested in leading VR/AR education company. Portfolio company won multiple metaverse awards including '2023 Metaverse Best Industry Application Award' and listed on '2023 Metaverse Most Investment Value Attention List'.
• Meten English (美联英语)majorStrategic or Co-development PartnerDGC led investment in 2016 in China's largest adult English training company alongside National SME Development Fund. Meten successfully completed 'Going Public' listing process.
• Anke Bio (昂科生物)minorStrategic or Co-development PartnerDGC co-invested with Daan Gene (达安基因) in Anke Bio medical company in 2016, representing DGC's entry into emerging healthcare sector.
• Peak Sports (匹克体育)coreStrategic or Co-development PartnerDGC served as investment coordinator for Peak Sports HK$2.5 billion privatization. Created innovative 'Peak Model' enabling HK privatization without capital outflow. Peak Sports aims to return to A-share market as first listed potassium nitrate/sulfate/specialty fertilizer company.
• Lichuang Quality (立创质量)majorStrategic or Co-development PartnerDGC invested in 2017. Quality management and testing services provider for LED lighting and cosmetics industries. New 34638 sqm park breaking ground December 2023, expected to generate 190+ million RMB annual revenue.
• Besda (贝斯达)minorStrategic or Co-development PartnerMedical equipment company invested by DGC, part of DGC's portfolio in emerging healthcare sector alongside Anke Bio and Youmu Dental.
• Youmu Dental (友睦齿科)minorStrategic or Co-development PartnerDental clinic chain invested by DGC, representing healthcare sector portfolio expansion.
• Qibutong (起步中国)minorStrategic or Co-development PartnerChildren's products company invested by DGC, representing consumer goods sector focus.
• Broad Air (泊鹭飞机)minorStrategic or Co-development PartnerGeneral aviation company invested by DGC, part of diversified portfolio including aviation sector.
• Tenfu Tea (天福茗茶)minorStrategic or Co-development PartnerMajor tea brand invested by DGC, representing consumer staples sector investment.
• Green Children (格林童装)minorStrategic or Co-development PartnerChildren's clothing brand invested by DGC, representing consumer goods portfolio.
• Taobao/Tmall (淘宝、天猫)minorChannel Partner/ Reseller/ DistributorDGC portfolio company Damai E-commerce is Taobao's only designated advertising agent service provider and JD.com certified service provider, operating across major e-commerce platforms including JD.com, Amazon, Vipshop, Suning.

Scale indicators12 records

Recent moves7 records

Expansion highlights6 records

Regional players

• CDP Group: China-headquartered investment group with PE and asset management arms focused on consumer and industrial sectors. Comparable as a Chinese PE platform with consumer sector portfolio emphasis, though smaller scale than DGC.
• Shenzhen Capital Group: Shenzhen-headquartered government-affiliated VC/PE firm. Comparable as a Shenzhen-based PE investor with similar growth-stage focus, though operating more as a government-backed platform than an independent fund manager like DGC.

Direct peers

• Hony Capital: China-focused PE firm backed by Legend Holdings (Lenovo parent), with consumer and cross-border deal expertise. Comparable in PE fund management model and consumer sector portfolio concentration.
• Vision Knight Capital: China-focused PE firm specializing in cross-border M&A and consumer sector investments. Directly comparable to DGC's specialization in HK-to-A-share privatizations and mid-cap consumer deals.
• FountainVest Partners: China-focused private equity firm founded by former Warburg Pincus executives, operating growth capital and buyout strategies. Directly comparable to DGC in mid-to-late stage Chinese PE investing, consumer sector exposure, and cross-border deal capability.
• China Renaissance (now part of BlueLake): China-based investment bank and asset manager with PE and M&A advisory arms serving growth-stage Chinese companies. Direct peer given DGC's similar integrated model of equity investment plus M&A advisory, and shared focus on IPO-bound growth enterprises.

Broad incumbents

• Boyu Capital: Pan-Asian alternative investment firm with significant China PE franchise. Comparable in cross-border M&A execution and LP relationships with Asian institutional investors, though typically at larger fund sizes.
• Hopu Investments: China-focused PE firm founded by former Goldman Sachs executives, managing multi-billion dollar funds with consumer and financial services focus. Comparable to DGC's sector emphasis and deal size, though typically operating at larger scale.
• PAG (Pacific Alliance Group): Asia-focused alternative investment firm with PE, real estate, and hedge fund strategies. Comparable in cross-border capital markets deal execution and Chinese consumer/financial services deal flow.
• CITIC Capital: Hong Kong/China-headquartered alternative investment manager with PE, real estate, and credit strategies. Highly comparable to DGC as a Chinese PE platform with cross-border M&A capabilities, LP base including CITIC affiliates, and focus on growth-to-mature deals.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments7 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about DGC