Investment Summary

Warburg Pincus, Khazanah Nasional Berhad, Silver Lake, Temasek Holdings, General Atlantic and CPP Investments Invest In Ant Financial Services Group

On June 8, 2018, private equity firm Warburg Pincus, sovereign wealth fund Khazanah Nasional Berhad, private equity firm Silver Lake, sovereign wealth fund Temasek Holdings, growth capital firm General Atlantic and pension CPP Investments invested in financial services company Ant Financial Services Group

Investment Highlights
  • This is Warburg Pincus’ 34th, Khazanah Nasional Berhad’s 1st, Silver Lake’s 9th, Temasek Holdings’ 3rd, General Atlantic’s 20th and CPP Investments’ 1st transaction in the Financial Services sector.
  • This is Warburg Pincus’ 58th, Khazanah Nasional Berhad’s 1st, Silver Lake’s 6th, Temasek Holdings’ 3rd, General Atlantic’s 17th and CPP Investments’ 2nd transaction in China.

Investment Summary

Date 2018-06-08
Target Ant Financial Services Group
Sector Financial Services
Investor(s) Warburg Pincus
Khazanah Nasional Berhad
Silver Lake
Temasek Holdings
General Atlantic
CPP Investments
Deal Type Venture

Target

Ant Financial Services Group

Hangzhou, China
website
Ant Financial Services Group is focused on serving small and micro enterprises, as well as consumers. Ant Financial is dedicated to building an open ecosystem of Internet thinking and technologies while working with other financial institutions to support the future financial needs of society. Businesses operated by Ant Financial Services Group include Alipay, Ant Fortune, Zhima Credit and MYbank. Ant Financial Services Group was founded in 2004 and is based in Hangzhou, China.

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Investor(S) 6

Investor

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.


DEAL STATS #
Overall 373 of 476
Sector (Financial Services) 34 of 47
Type (Venture) 54 of 70
Country (China) 58 of 67
Year (2018) 22 of 40
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-05 Singular Bank

Madrid, Spain

Singular Bank is an online wealth management provider with a broad suite of banking and wealth management products including savings accounts, payroll accounts, equity, CFD and over 2,000 investment funds. Singular Bank was founded in 2000 and is based in Madrid, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-12 FacilitySource

Columbus, Ohio, United States

FacilitySource, Inc. is a provider of outsourced facility maintenance workflow solutions (combination of software and dispatch) for national multi-location enterprises. FacilitySource, Inc. was founded in 2001 and is based in Columbus, Ohio.

Sell -
DESCRIPTION

Khazanah Nasional Berhad is the sovereign wealth fund of Malaysia. Khazanah Nasional looks to growth Malaysia's long-term wealth and invests only where an appropriate risk-adjusted financial return can be achieved. Khazanah Nasional Berhad was formed in 1993 and is headquartered in Kuala Lumpur.


DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Venture) 1 of 1
Country (China) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-07 IHH Healthcare Berhad

Kuala Lumpur, Malaysia

IHH is an international healthcare platform built to develop and deliver synergies across all its healthcare assets, ensuring coherent integration of each investee company’s capabilities, market presence and brand to optimise the combined potential of all the companies.

Sell -
Investor

Silver Lake

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1999
PE ASSETS 102.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Silver Lake is a mega-sized private equity firm focused on a broad range of growth investments in and acquisitions of technology companies. Silver Lake is subdivided into several investing groups including Silver Lake Partners, Silver Lake Sumeru, Silver Lake Waterman, Silver Lake Alpine, and Silver Lake Kraftwerk. Silver Lake Partners pursues large-scale private investments in companies within the technology, tech-enabled and related growth industries. Silver Lake Sumeru invests in middle market technology companies with established business models and attractive growth prospects where there is an opportunity to create value through operational transformation. Silver Lake Waterman provides growth capital to later-stage companies in the technology and technology-enabled industries, offering flexible solutions to finance expansion and acquisitions. Silver Lake Alpine is Silver Lake's debt and credit investing arm. Silver Lake Kraftwerk provides growth capital to technology and tech-enabled businesses driving efficiency across the operations, energy, and resources industries. Silver Lake Partners was formed in 1999 is headquartered in Menlo Park, California.


DEAL STATS #
Overall 93 of 127
Sector (Financial Services) 9 of 11
Type (Venture) 8 of 10
Country (China) 6 of 6
Year (2018) 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-10 ZPG

London, United Kingdom

ZPG owns and operates home-related digital platforms including Zoopla, uSwitch, PrimeLocation, Hometrack, and Property Software Group. ZPG's mission is to provide the most useful resources for consumers when finding, moving, or managing their home and be the most effective partner for related businesses. ZPG is the UK's most comprehensive property website, helping consumers to research the market and find their next home by combining hundreds of thousands of property listings with market data and local information. ZPG was founded in 2007 and is based in London.

Buy £2.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-13 Quorum Software

Houston, Texas, United States

Quorum Software is a portfolio of finance, operations, and accounting software that empowers energy companies of all sizes to conquer their most complex business challenges. Quorum Software was founded in 1998 and is based in Houston, Texas.

Sell -
Investor
DESCRIPTION

Temasek Holdings is a state-owned investment holding company. Temasek is owned by the government of Singapore and invests directly and indirectly in a broad range of assets and sectors. Target sectors include financial services, telecommunications, media, technology, transportation, industrials, life science, consumer, real estate, energy, and resources. Temasek was formed in 1974 and is based in Singapore.


DEAL STATS #
Overall 18 of 31
Sector (Financial Services) 3 of 3
Type (Venture) 5 of 9
Country (China) 3 of 3
Year (2018) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-27 Innovent Biologics

Suzhou, China

Innovent Biologics is a biopharmaceutical company in China that develops, manufacture, and commercialize high-quality innovative medicines for the treatment of cancer and other major diseases. Innovent Biologics was founded in 2011 and is based in Suzhou, China.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-13 Adyen

Amsterdam, Netherlands

Adyen is a global technology company focused on payments. It has built an efficient single platform that enables the acceptance and processing of cards and local payments globally across its merchants' online, mobile and point of sale channels. Adyen's global platform has integrated and simplified the payments value chain, enabling it to partner with large merchants to rapidly scale their businesses both locally and globally, without the varied inefficiencies inherent in traditional payment platforms. Adyen is based in Amsterdam, the Netherlands. Adyen was founded in 2006 and is based in Amsterdam, the Netherlands.

Sell -
Investor
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 193 of 340
Sector (Financial Services) 20 of 30
Type (Venture) 30 of 100
Country (China) 17 of 29
Year (2018) 10 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-01 Today

Wuhan, China

Today is a Chinese convenience store brand which utilizes a tech-enabled, next-generation retail model to offer customers a differentiated experience. Today is based in Wuhan, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-13 Adyen

Amsterdam, Netherlands

Adyen is a global technology company focused on payments. It has built an efficient single platform that enables the acceptance and processing of cards and local payments globally across its merchants' online, mobile and point of sale channels. Adyen's global platform has integrated and simplified the payments value chain, enabling it to partner with large merchants to rapidly scale their businesses both locally and globally, without the varied inefficiencies inherent in traditional payment platforms. Adyen is based in Amsterdam, the Netherlands. Adyen was founded in 2006 and is based in Amsterdam, the Netherlands.

Sell -
DESCRIPTION

CPP Investments is a Canadian pension fund focused on a variety of investing strategies, including public equities, debt, and alternative investments. The Firm's private equity arm looks to acquire direct stakes in private companies, as well as make fund investments and acquire secondary positions. For direct stakes in companies, CPP looks to invest across North American and Europe and seeks to commit a minimum of $150 million per transaction. CPP has no industry preferences however the Firm will not invest in real assets. CPP Investments was established in 1997 and is based in Toronto, Ontario.


DEAL STATS #
Overall 26 of 48
Sector (Financial Services) 1 of 1
Type (Venture) 1 of 1
Country (China) 2 of 2
Year (2018) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-02 NextEra Energy Partners - Canadian Renewable Portfolio

Juno Beach, Florida, United States

NextEra Energy Partners LP - Canadian Renewable Portfolio includes the sale of six fully contracted wind and solar assets, with an average contract life of approximately 16 years and 10-year average CAFD of $38.4 million USD. Located in Ontario, the portfolio has a combined total generating capacity of approximately 396 megawatts (MW) and consists of: Bluewater, a 59.9-MW wind generating facility, ; Conestogo, a 22.9-MW wind generating facility, Jericho, a 149-MW wind generating facility, Summerhaven, a 124.4-MW wind generating facility, Moore, a 20-MW solar energy generating facility and Sombra, a 20-MW solar energy generating facility.

Buy $689M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-09 Sportradar

Sankt Gallen, Switzerland

Sportradar is a partner for the sports betting and media industry. Sportradar provides sports data services to the bookmaking world with its brand Betradar, and to the international media with its brand Scoreradar. Sportradar was founded in 2001 and is based in Sankt Gallen, Switzerland.

Buy $2.4B