M&A Deal Summary |
|
|---|---|
| Date | 2021-05-17 |
| Target | GO-JEK |
| Sector | Internet Software and Services |
| Buyer(s) | GoTo |
| Sellers(s) |
Farallon Capital Management
Allianz X Capital Group Private Markets KKR Warburg Pincus |
| Deal Type | Merger |
| Advisor(s) | Goldman Sachs (Financial) Davis Polk & Wardwell (Legal) |
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| Category | Company |
|---|---|
| Founded | 2009 |
| Sector | Internet Software and Services |
| Employees | 4,356 |
| Revenue | 14.79T IDR (2023) |
GoTo is an on-demand service provider that provides a variety of complete services starting from transportation, logistics, payment, food delivery, and other on-demand services, by connecting users to more than 1 million driver partners, more than 150.000 food vendors, and more than 30.000 other services. GoTo was founded in 2009 and is based in Jakarta, Indonesia.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector (Internet Software and Services) | 2 of 2 |
| Type (Merger) | 2 of 2 |
| Country (Indonesia) | 2 of 2 |
| Year (2021) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-05-17 |
Tokopedia
Jakarta, Indonesia Tokopedia provides technology as a solution to empower millions of sellers and consumers to participate in building the future of commerce. Tokopedia was founded in 2009 and is based in Jakarta, Indonesia. |
Buy | - |
| Category | Asset Manager |
|---|---|
| Founded | 1986 |
| Size | Large |
| Type | Sector Agnostic |
Farallon Capital Management is a private investment firm that targets a variety of investment strategies throughout the world. The Firm pursues investments that include public and private debt and equity securities, direct investments in private companies, and real estate. Farallon is especially interested in investments that include a key event (such as a merger, restructuring, recapitalization or other major change) that has the potential for an appreciation of the value of a particular investment. Farallon's direct investment group makes debt, preferred stock or equity investments in businesses with substantial franchise value, healthy cash flow, and motivated management who have invested alongside the Firm. Farallon Capital Management was formed in 1986 and is based in San Francisco, California.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 4 |
| Sector (Internet Software and Services) | 1 of 2 |
| Type (Merger) | 1 of 1 |
| Country (Indonesia) | 1 of 2 |
| Year (2021) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-03-01 |
Fog Pharma
Cambridge, Massachusetts, United States FogPharma, a biopharmaceutical company with a mission to drastically reduce the burden of disease on patients and their families by inventing new types of drugs that squelch abnormal physiological processes in ways previously imagined but considered unattainable. The company is pioneering the discovery, development and commercialization of Helicon™ peptides, a new drug modality that uniquely combines the cell-permeability and oral dosing optionality of traditional small molecule drugs with the high specificity, broad target accessibility and rapid discovery arc of monoclonal antibody drugs. Fog Pharma was founded in 2016 and is based in Cambridge, Massachusetts. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-04-11 |
GoTo
Jakarta, Indonesia GoTo is an on-demand service provider that provides a variety of complete services starting from transportation, logistics, payment, food delivery, and other on-demand services, by connecting users to more than 1 million driver partners, more than 150.000 food vendors, and more than 30.000 other services. GoTo was founded in 2009 and is based in Jakarta, Indonesia. |
Sell | - |
| Category | Corporate Investor |
|---|---|
| Founded | 2013 |
| PE ASSETS | 2.0B EUR |
| Size | Large |
| Type | Sector Focused |
Allianz X is the growth-oriented investment arm of Germany insurance and financial services company Allianz Group. Allianz X looks to invest in and acquire expansion stage financial and insurance technology companies throughout the world. The Firm has special interest in businesses that can benefit from Allianz's expertise and global reach. Allianz X was formed in 2013 and is based in Munich.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 6 |
| Sector (Internet Software and Services) | 2 of 5 |
| Type (Merger) | 1 of 1 |
| Country (Indonesia) | 1 of 2 |
| Year (2021) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-03-25 |
Pie Insurance Services
Washington, District of Columbia, United States Pie Insurance Services is an insurtech company specializing in workers' comp insurance for small businesses. Pie Insurance Services is based in Washington, District of Columbia. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-09-16 |
GT Motive
Madrid, Spain GT Motive is a Software-as-a-Service (SaaS) company that develops solutions for estimating and managing automotive insurance claims, as well as maintenance and mechanical breakdowns. It serves business customers across the automotive, insurance, and fleet & leasing industries. GT Motive is based in Madrid, Spain. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1992 |
| PE ASSETS | 5.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Capital Group Private Markets is the direct investment arm of asset manager Capital Group. Capital Group Private Markets pursues expansion stage company investments in emerging markets with a focus on companies that locally dominate their respective markets. Capital Group Private Markets generally seeks minority positions, but will consider select control situations as well. Capital Group Private Markets was formed in 1992 and is headquartered in San Francisco, California.
| DEAL STATS | # |
|---|---|
| Overall | 7 of 9 |
| Sector (Internet Software and Services) | 1 of 2 |
| Type (Merger) | 1 of 1 |
| Country (Indonesia) | 1 of 2 |
| Year (2021) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-03-10 |
O Telhar
Sao Paulo, Brazil O Telhar is an institutional manager of farmland, producing oilseeds (soybean) and grains (corn, wheat) on owned and leased agricultural land in Brazil. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-04-11 |
GoTo
Jakarta, Indonesia GoTo is an on-demand service provider that provides a variety of complete services starting from transportation, logistics, payment, food delivery, and other on-demand services, by connecting users to more than 1 million driver partners, more than 150.000 food vendors, and more than 30.000 other services. GoTo was founded in 2009 and is based in Jakarta, Indonesia. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1976 |
| PE ASSETS | 510.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.
| DEAL STATS | # |
|---|---|
| Overall | 156 of 178 |
| Sector (Internet Software and Services) | 10 of 16 |
| Type (Merger) | 3 of 4 |
| Country (Indonesia) | 1 of 2 |
| Year (2021) | 11 of 17 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-05-17 |
Environmental Resources Management
London, United Kingdom Environmental Resources Management (ERM) is a global provider of environmental, health, safety, risk, and social consulting services. Environmental Resources Management (ERM) was founded in 1871 and is based in London, United Kingdom. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-05-26 |
Essential Accessibility
Toronto, Ontario, Canada Essential Accessibility is an accessibility-as-a-Service platform that makes digital assets conform with WCAG and compliant with ADA, AODA, Section 508, and other anti-discrimination laws. Its comprehensive solution provides everything you need to create and maintain fully accessible web, mobile, and product experiences to ensure customers of all abilities have equal access. Essential Accessibility is based in Toronto Ontario. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1966 |
| PE ASSETS | 83.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
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 | 214 of 250 |
| Sector (Internet Software and Services) | 12 of 14 |
| Type (Merger) | 9 of 12 |
| Country (Indonesia) | 1 of 2 |
| Year (2021) | 8 of 22 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-05-17 |
Premier Technical Services Group
Castleford, United Kingdom Premier Technical Services Group (PTSG) is a provider of specialist services to the FM and construction sectors, offering a range of industry-leading services across its four divisions: PTSG Access & Safety Ltd, PTSG Electrical Services Ltd, PTSG Building Access Specialists Ltd, and PTSG Fire Solutions Ltd. The company's highly-trained teams offer full UK coverage to clients in all industries. Premier Technical Services Group was formed in 2007 and is headquartered in Castleford, United Kingdom. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-06-11 |
Black Swan Energy
Calgary, Alberta, Canada Black Swan Energy is an energy company that is actively developing its significant land position in the Montney play in northeast British Columbia. Black Swan Energy was founded in 2010 and is based in Calgary, Alberta. |
Sell | CA$1.1B |
