Case Study - iKang

	Deal name:	iKang
	Date:	Dec 2007
	Amount:	US$ 25M
	Investors:	Merrill Lynch Capital, ePlanet Ventures, Walden International, WI Harper Group, Shanghai Venture Capital, Zero2IPO Ventures

Ligang Zhang, the founder of eLong, initiated the merger between iKang and Shanghai's GBPE. This enabled him to offer wide-spread medical services to companies and everyday consumers. Over the course of the merger Zero2IPO acted as iKang's sole financial consultant. We assisted iKang to successfully raise a round of private equity funding. Merrill Lynch acted as the lead investor, with ePlanet Ventures and Walden International both following suit. WI Harper and Shanghai Venture Capital Co. were both original investors in iKang and subsequently added further investment during this round of financing. Zero2IPO itself also took part in this round of financing. With the support of these venture capital firms iKang's final stock price exceed expectations, with the final price surpassing the estimated value by over US$100 million.

From start to finish, the entire transaction lasted 6 months. The total financing amount and assessment level average met iKang's board of directors' highest expectations.