China Shine

About China Shine
Founded in 2016 in Shanghai, China Shine offers general cleaning, support, building maintenance, security and integrated facility management services across China.

Under the leadership of the current management team, which possesses more than 20 years of industry experience, China Shine has demonstrated remarkable growth since inception and is today a fast-growing facility management service provider with a blue-chip customer base.

The Company’s business strategy includes continued growth, both organically and through add-on acquisitions, and development of a broader service scope as well as further geographical expansion with the ambition to become a national fully-integrated facility management service platform.

Market trends and drivers
China Shine targets the USD 60 billion China facility management outsourcing market, which is expected to grow at 12% annually in the next 5 years to USD 110 billion by 2022 driven by continued urbanization, floor area growth and outsourcing penetration.

Continued urbanization accelerates floor area growth in China and increases per capita disposable income. With improving living conditions and rising disposable income in China, property owners and managers are looking for more comprehensive and high-quality property management services.

Moreover, outsourcing penetration in China is low compared to both developing and developed countries, providing room for further penetration. The increasing outsourcing rate in China is driven by facility management service providers offering better service quality, cost efficiency and integrated solutions.

Lastly, the China facility management market is highly fragmented with top 8 players only representing 4% of market share. Ongoing consolidation is expected to present further growth opportunities.

Investment potential
Given its high customer advocacy, proven track record and management team being one of the most experienced in the sector, China Shine is well-positioned to capture the attractive and structural growth in the China facility management market.

EQT is excited to support the continued growth of the company through further expansion into service offerings such as specialized cleaning, pest control, security and hardware maintenance which will add depth to the current portfolio, increase margins and improve client stickiness. The business plan also calls for expansion in geographical coverage and further penetration in the existing geographical footprint.

China Shine intends to accelerate growth and consolidate the industry via value accretive acquisitions. The buy-and-build strategy will further supplement the Company’s service offerings and support its ambition to become a leading national fully-integrated facility management service platform.