Investment Summary

General Atlantic and Ascendent Capital Partners Invest In Meituan

On May 15, 2014, growth capital firm General Atlantic and private equity firm Ascendent Capital Partners invested in information technology company Meituan

Investment Highlights
  • This is General Atlantic’s 22nd and Ascendent Capital Partners’ 1st transaction in the Information Technology sector.
  • This is General Atlantic’s 12th and Ascendent Capital Partners’ 1st transaction in China.
Investment Fate
  • Meituan went public in 2018.

Investment Summary

Date 2014-05-15
Target Meituan
Sector Information Technology
Investor(s) General Atlantic
Ascendent Capital Partners
Deal Type Growth Capital

Target

Meituan

Beijing, China
Meituan is a technology retail company that offers to promote digital upgrades of service retail and commodity retail on both the demand and supply sides, and works with its partners to provide quality services to consumers. Meituan was founded in 2003 and is based in Beijing, China.

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Investor(S) 2

Investor

General Atlantic

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1980
PE ASSETS 105.0B USD
Size Mega
Type Sector Agnostic
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 New York, New York.


DEAL STATS #
Overall 132 of 364
Sector: Information Technology M&A 22 of 45
Type: Growth Capital M&A Deals 54 of 139
Country: China M&A 12 of 33
Year: 2014 M&A 10 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-09 Jumei

Beijing, China

Jumei is an online retailer of beauty products, providing high-demand branded products to young, urban female customers through merchandise and marketplace sales models. Jumei was founded in 2009 and is based in Beijing, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-27 Aperture Group

Chicago, Illinois, United States

Aperture Group LLC (OptionsHouse) is a provider of online brokerage services.

Buy -
DESCRIPTION

Ascendent Capital Partners is a private equity firm focused on acquiring and investing in China-related companies. The Firm looks to leverage its network and experience when working with and helping companies grow. Ascendant Capital Partners has offices in Shanghai and Hong Kong.


DEAL STATS #
Overall 1 of 4
Sector: Information Technology M&A 1 of 2
Type: Growth Capital M&A Deals 1 of 2
Country: China M&A 1 of 4
Year: 2014 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-08 SciClone Pharmaceuticals

Shanghai, China

SciClone Pharmaceuticals is a specialty pharmaceutical company with a substantial commercial business in China and a product portfolio spanning major therapeutic markets including oncology, infectious diseases and cardiovascular disorders. SciClone's proprietary lead product, ZADAXIN (thymalfasin), is approved in over 30 countries and may be used for the treatment of hepatitis B (HBV), hepatitis C (HCV), and certain cancers, and as an immune system enhancer, according to the local regulatory approvals. SciClone Pharmaceuticals was founded in 1989 and is based in Shanghai, China.

Buy $605M