Core Insights - BOCI Investment has acquired a controlling stake in Starbucks China for $4 billion, highlighting its significant market presence and investment strategy in the real estate sector [2] - The firm is also the second-largest shareholder of Wanwu Cloud, China's largest property management company, and is seeking to privatize Kinko Services, where it holds a controlling stake [2][3] Group 1: Acquisition Details - Kinko Services announced a revised unconditional cash offer from BOCI Investment to acquire all outstanding shares and suggested delisting from the Hong Kong Stock Exchange, potentially ending its five-year public listing [3] - BOCI Investment has spent a total of HKD 53.82 billion to gain control of Kinko Services, which manages over 200 million square meters of property but reported a net loss of nearly HKD 6 billion for the year [3][5] - The firm initially acquired a 22% stake in Kinko Services in late 2021 for HKD 37.34 billion, gradually increasing its ownership to 55.91% through subsequent purchases [4][5] Group 2: Investment Strategy - BOCI Investment focuses on operational and service-oriented assets in the real estate sector, including high-end commercial properties, property management, logistics, and data centers, employing a "counter-cyclical control, pro-cyclical exit" strategy [2][6] - The firm has also invested in Wanwu Cloud, acquiring a 25% stake for approximately HKD 15 billion, and has retained a significant portion of its shares, valued at around HKD 39 billion [7][8] - Recent investments include acquiring a stake in Beijing SKP, a luxury retail chain, further diversifying its portfolio in the high-end commercial sector [7][8] Group 3: Market Position and Future Outlook - BOCI Investment has established a diversified investment matrix since its founding in 2011, focusing on private equity, strategic allocations in listed companies, and investments in logistics and data centers [9] - The firm is strategically positioning itself in the real estate "backend" sector, which is seen as both a reactive measure to market conditions and a proactive approach to future growth opportunities [10]

2025.11. 26 本文字数：2360，阅读时长大约4分钟 作者 | 第一财经 马一凡 以40亿美元拿下星巴克中国控股权的博裕投资又一次站到了市场的聚光灯下。 除了收购星巴克中国股权，这家仅成立14年的另类资产管理公司，还是中国规模第一大物业企业万 物云的第二大股东，同时也是管理面积超2亿平方米的金科服务的控股股东，并且博裕正在寻求私有 化金科服务。 在房地产领域，博裕投资偏好运营型、服务型的资产，涉足高端商业、物业管理、物流仓储、数据中 心等多个板块，实践其"逆周期控股、顺周期退出"的PE打法。 一笔耗时四年的收购 不久前，金科服务（09666.HK）发布公告称，其控股股东及要约人博裕投资提出经修订的无条件强 制性现金要约，拟收购公司全部要约股份，并建议撤销上市地位。若相关退市决议获通过且条件达 成，金科服务将从香港联交所除牌，成为博裕投资旗下的私人公司，其5年港股上市历程或将宣告终 止。 金科服务是一家物业管理服务公司，原本属于渝系房企金科股份旗下，自2021年引入博裕投资作为 战略投资者后，博裕一步步"吃下"金科服务，目前已经是其第一大股东。 截至目前，金科服务全国管理面积超过2亿平方米。2024年 ...

除了收购星巴克中国股权，这家仅成立14年的另类资产管理公司，还是中国规模第一大物业企业万物云 的第二大股东，同时也是管理面积超2亿平方米的金科服务的控股股东，并且博裕正在寻求私有化金科 服务。 在房地产领域，博裕投资偏好运营型、服务型的资产，涉足高端商业、物业管理、物流仓储、数据中心 等多个板块，实践其"逆周期控股、顺周期退出"的PE打法。 一笔耗时四年的收购 不久前，金科服务（09666.HK）发布公告称，其控股股东及要约人博裕投资提出经修订的无条件强制 性现金要约，拟收购公司全部要约股份，并建议撤销上市地位。若相关退市决议获通过且条件达成，金 科服务将从香港联交所除牌，成为博裕投资旗下的私人公司，其5年港股上市历程或将宣告终止。 金科服务是一家物业管理服务公司，原本属于渝系房企金科股份旗下，自2021年引入博裕投资作为战略 投资者后，博裕一步步"吃下"金科服务，目前已经是其第一大股东。 截至目前，金科服务全国管理面积超过2亿平方米。2024年该公司营收超过45亿元，但是归母净利润亏 损接近6亿元。 根据房地产研究机构克而瑞发布的中国物业服务企业在管规模榜单，截至2024年末，金科服务的管理规 模在全国物企 ...