February 21, 2007
American Securities Capital Partners Opens Shanghai Office
American Securities Capital Partners, LLC, (ASCP) a New York based private equity firm that invests in middle-market companies in North America, today announced the formation of an office in Shanghai, China. The Shanghai office will support ASCP portfolio companies with sourcing, supply chain optimization and access to Asian markets. This is the latest in a multi-year effort to build a team of value-added resources that ASCP makes available without charge to its portfolio companies' CEO's to help them accelerate performance of their businesses.
The Shanghai office currently has five full time employees and is led by ASCP's Director of Asia-Pacific Operations, Jun ("Jim") Tao. Mr. Tao previously held several Senior Executive roles at General Electric, in both the United States and China. ASCP's Shanghai office is expanding and expects to add a senior strategy and development executive shortly, as well as other full time professionals.
"Through direct communication and cultural alignment, we can provide ASCP's US headquartered portfolio companies with enhanced supplier relationships and an easier path to managing Asian sourcing, logistics and quality control," said Mr. Tao. "It is clear that we can deliver meaningful savings and local market insights." ASCP portfolio companies now have efficient access to an office in Shanghai staffed with a team to evaluate sourcing and market strategy issues that can help them benefit from the developing economy in China and the rest of Asia.
Michael G. Fisch, President, ASCP, said, "As a firm, we are deeply committed to being resourceful partners to our portfolio company management teams. The establishment of our office in Shanghai is an effective way for our portfolio companies to access the enormous opportunities in China and the rest of Asia to create tangible value for our management teams and investors."