M&A Deal Summary

Alibaba Group Holding Acquires Lazada South East Asia Pte.

On April 12, 2016, Alibaba Group Holding acquired e-commerce company Lazada South East Asia Pte. from Summit Partners and Verlinvest for 1.0B USD

Acquisition Highlights
  • This is Alibaba Group Holding’s 2nd transaction in the E-Commerce sector.
  • This is Alibaba Group Holding’s 3rd largest (disclosed) transaction.
  • This is Alibaba Group Holding’s 1st transaction in Vietnam.

M&A Deal Summary
Date 2016-04-12
Target Lazada South East Asia Pte.
Sector E-Commerce
Buyer(s) Alibaba Group Holding
Sellers(s) Summit Partners
Verlinvest
Deal Type Add-on Acquisition
Deal Value 1.0B USD
Advisor(s) Goldman Sachs (Financial)

Target

Lazada South East Asia Pte.

Ho Chi Minh City, Vietnam
website
Lazada South East Asia Pte. Ltd. is an online department store, with operations in Indonesia, Malaysia, Philippines, Thailand and Vietnam. The company has a broad product offering in categories ranging from consumer electronics to household goods, toys and sports equipment.

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Buyer(S) 1

Buyer

Alibaba Group Holding

Hangzhou, China

website

Category Company
Founded 1999
Sector E-Commerce
Employees239,740
Revenue 853.1B CNY (2022)
DESCRIPTION

Alibaba Group Holding is a group of Chinese e-commerce businesses including Alibaba.com, Taobao and Alipay. Alibaba Group Holding was founded in 1999 and is based in Hangzhou, China.

DEAL STATS #
Overall 9 of 16
Sector (E-Commerce) 2 of 5
Type (Add-on Acquisition) 7 of 10
Country (Vietnam) 1 of 1
Year (2016) 1 of 2
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-11 The South China Morning Post Publishers

Hong Kong, China

The South China Morning Post Publishers Ltd. is a producer of a daily newspaper covering Hong Kong and Southeast China. The publisher was formed in 1987 and is based in Hong Kong.

Buy $100M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-05 Wandoujia

Beijing, China

Wandoujia is an Android app stores. Wandoujia was established in 2009 and is headquartered in Beijing, China.

Buy $200M

Seller(S) 2

SELLER

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website

Category Growth Capital Firm
Founded 1984
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.

DEAL STATS #
Overall 197 of 281
Sector (E-Commerce) 1 of 2
Type (Add-on Acquisition) 91 of 126
Country (Vietnam) 1 of 1
Year (2016) 4 of 12
Size (of disclosed) 9 of 49
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-23 Bigpoint

Hamburg, Germany

Bigpoint GmbH is a publisher and developer of online games. Bigpoint.com is a gaming portal that offers a wide variety of high-quality online games.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-13 Vestmark

Wakefield, Massachusetts, United States

Vestmark is a provider of portfolio management and trading solutions for financial advisors and institutions, enabling them to efficiently manage and trade their clients’ portfolios through an innovative SaaS platform. With over $1 trillion in assets and 3.4 million accounts, Vestmark is a trusted partner to many of the largest and most respected firms in wealth management. Vestmark was founded in 2001 and is based in Wakefield, Massachusetts.

Buy -
SELLER

Verlinvest

Brussels, Belgium

Investor Investor Investor Investor Investor

website

Category Family Office
Founded 1995
PE ASSETS 1.8B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Verlinvestis a private, family-owned investment holding firm specializing in branded consumer products and services investments. The Firm will consider investments in public and private companies and generally targets growth-oriented businesses addressing sizeable markets. Verlinvest looks to invest €20 to €200 million per investment and will consider both majority and minority positions. Verlinvest was formed in 1995 and is based in Brussels, Belgium.

DEAL STATS #
Overall 5 of 11
Sector (E-Commerce) 1 of 1
Type (Add-on Acquisition) 3 of 6
Country (Vietnam) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-22 BYJU S

Bengaluru, India

BYJU'S is an educational software company developing online learning solutions for K3, K10, K12, NEET, JEE, UPSC & Bank Exams. BYJU'S was established in 2008 and is headquartered in Bengaluru, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-16 Epigamia

Mumbai, India

Epigamia is a provider of fresh consumer products under the brand Epigamia. The Epigamia team is constantly pushing boundaries by crafting contemporary versions of traditional foods. With its first launch, Greek yoghurt. Epigamia is based in Mumbai, India.

Buy -
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