M&A Deal Summary

Huazhu Group Acquires Crystal Orange Hotel Holdings

On February 27, 2017, Huazhu Group acquired restaurant Crystal Orange Hotel Holdings from The Carlyle Group for 3.7B CNY

Acquisition Highlights
  • This is Huazhu Group’s 2nd transaction in the Restaurants sector.
  • This is Huazhu Group’s largest (disclosed) transaction.
  • This is Huazhu Group’s 2nd transaction in China.

M&A Deal Summary

Date 2017-02-27
Target Crystal Orange Hotel Holdings
Sector Restaurants
Buyer(s) Huazhu Group
Sellers(s) The Carlyle Group
Deal Type Add-on Acquisition
Deal Value 3.7B CNY

Target

Crystal Orange Hotel Holdings

Beijing, China
Crystal Orange Hotel Holdings Ltd. is a boutique hotel operator in China with more than 100 hotels located primarily in tier 1 and tier 2 cities. Crystal’s three flagship brands address different segments of the market, namely “Crystal Orange Hotel”, “Orange Hotel Select” and “Orange Hotel”.

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Buyer(S) 1

Buyer

Huazhu Group

Shanghai, China

website


Category Company
Founded 2005
Sector Restaurants
Employees24,384
Revenue 12.8B CNY (2021)
DESCRIPTION

Huazhu Group is a provider of business and leisure travelers with conveniently-located hotel products under five brands, namely, Joya Hotel, JI Hotel, Starway Hotel, HanTing Hotel, and Hi Inn. Huazhu Group was founded in 2005 and is based in Shanghai, China.


DEAL STATS #
Overall 2 of 2
Sector (Restaurants) 2 of 2
Type (Add-on Acquisition) 1 of 1
Country (China) 2 of 2
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-10 China Quanjude

Beijing, China

China Quanjude (Group) Co., Ltd. is a chinese restaurant chain. Quanjude had 102 restaurants under four brands, including 29 self-operated restaurants and 73 franchised restaurants in China and Asia Pacific markets.

Buy -

Seller(S) 1

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 376.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 317 of 443
Sector (Restaurants) 6 of 6
Type (Add-on Acquisition) 136 of 184
Country (China) 22 of 28
Year (2017) 4 of 26
Size (of disclosed) 54 of 130
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-27 Mandarin Hotel Holdings

China

Mandarin Hotel Holdings operates a designer hotel chain in China, with 25 hotels in Beijing, Tianjin, Dalian, Nanjing, Hangzhou and Ningbo. It manages two brands – Crystal Orange Hotel and Orange Hotel.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-06 ITRS Group

London, United Kingdom

ITRS Group is an international software vendor to the financial services sector, offering real-time monitoring and analytics software. The company provides solutions to transform masses of business and machine data into actionable insights, supporting better systems and business performance. ITRS serves more than 170 global clients, including 9 out of the top 10 investment banks, as well as exchanges and trading venues, hedge funds, and brokers and vendors. ITRS Group was founded in 1997 and is based in London, United Kingdom.

Sell -