ARC China Welcomes Catavate CEO Dan Loeb as Senior Operating Advisor
Shanghai, China, January 17, 2011 – ARC China, an investment manager based in Shanghai, China, is pleased to announce the appointment of Dan Loeb, Founder and CEO of Catavate Group, a strategy, management, and investment group committed to building fast growing consumer brands and retail businesses in China, as Senior Operating Advisor for the firm’s ARC Westly China Fund. Mr. Loeb and Catavate will assist with due diligence on potential investee companies and will provide ongoing strategic and operational advice to the fund’s portfolio companies and valuation and other support to ARC China, the fund’s manager.
Adam Roseman, Founder and Managing Director of ARC China, commented, “Dan is a leader in building strong retail platforms in China. He has been on the ground in China for more than 16 years building brands and his experience will be extremely valuable in our efforts to build a world-class infrastructure for investment in the Chinese market.”
Mr. Loeb stated, "I am pleased and excited to be joining the ARC China team. They have built an impressive investment platform in China and have a strong track record investing in China's retail space. I hope to build upon that success by leveraging Catavate’s collective experience with consumer brands and retail businesses in China."
Prior to founding Catavate Group, Mr. Loeb was the President of Starbucks Greater China, where he led a financial turnaround and strategic transformation to establish more than 700 stores, 5,000 partnerships, and four joint ventures as Starbucks’ fastest growing global business unit.
Mr. Loeb has also served as the Chief Executive Officer of USG Sports China, where he led a private-equity backed merger to create a 3,000-store sporting goods retailer based in Shanghai operating branded shops on behalf of NIKE, Adidas, Puma, and other global brands. Additionally, Mr. Loeb worked as the General Manager of NIKE China for 10 years and was a leader in NIKE’s emerging markets businesses for 17 years. Mr. Loeb is fluent in Mandarin Chinese and has been recognized by J.P. Morgan as a “Hands-On China” Expert.
About ARC China
ARC China is a Shanghai-based investment manager focused on investments in consumption-driven, small- and medium-sized enterprises in China’s Tier II and Tier III regions. ARC China creates value for its portfolio companies by enhancing management teams to support future growth and by upgrading corporate governance, technology, business processes, and financial reporting and controls. ARC China’s team of experienced investment professionals and in-house due diligence staff have deployed this proven and unique on-the-ground investment strategy in China with principal investments in nine portfolio companies since 2008. ARC China maintains a team of over 30 investment and due diligence professionals with offices in Hong Kong, Shanghai, Beijing, Dalian, Chengdu, and Danyang. For more information about ARC China, please visit http://www.arcchina.cn.
ARC China is a Shanghai-based investment manager focused on investments in consumption-driven, small- and medium-sized enterprises in China’s Tier II and Tier III regions. ARC China creates value for its portfolio companies by enhancing management teams to support future growth and by upgrading corporate governance, technology, business processes, and financial reporting and controls. ARC China’s team of experienced investment professionals and in-house due diligence staff have deployed this proven and unique on-the-ground investment strategy in China with principal investments in nine portfolio companies since 2008. ARC China maintains a team of over 30 investment and due diligence professionals with offices in Hong Kong, Shanghai, Beijing, Dalian, Chengdu, and Danyang. For more information about ARC China, please visit http://www.arcchina.cn.