PAG Mergers and Acquisitions Summary

Asset Manager Profile

In the last 3 years, PAG has acquired 7 companies. It has also invested in 2 others.

PAG’s most common sectors for investment arefood (24%) and restaurants (24%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (39%) and secondary buyout (31%). In total, PAG has invested in 6 different countries. Its largest (disclosed) acquisition occurred in 2014 when it acquired DTZ Holdings for $865M.

Join Mergr to view PAG’s full profile and discover more mega-sized asset manager investors just like it.

M&A Summary

  • M&A Total Activity13
    • M&A Buy Activity13
  • Total Sectors Invested 8
  • Total Countries Invested 6
  • M&A Buy/Sell Connections 3
  • M&A Advisors 5

PAG

33/F, Three Pacific Place 1 Queen's Road East,
Hong Kong,
China
(852) 2918 0088
www.pagasia.com/en/
info@pagasia.com

PAG is a large independent alternative investment management group focused on private equity, real estate, and absolute returns. PAG’s private equity business, PAG Asia Capital or PAGAC, focuses on large-scale buyouts, control deals, and structured minority investments. PAG’s real estate strategy manages a series of real estate opportunity and core plus funds investing in properties in Japan, China and throughout Asia-Pacific. PAG’s absolute return business focuses on building long term relationships with its partners by offering a flexible range of financing solutions to meet short and long term funding needs. PAG was formed in 2002 and is headquartered in Hong Kong.


Investment Criteria

Sectors of Interest: Business Services, Construction, Consumer Products, Distribution, Machinery, Manufacturing, Real Estate

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture

Geographic Preferences: Asia/Pacific, Australia/New Zealand, Central Asia/India

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size - -
Enterprise Value - -

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.8/yr) # 4 - 4 4 1 - 13
vol $865M $828M $1.7B
Sell (0.0/yr) # - - - - - - 0
  13

Most Recent M&A

Company Date Value Type
Australian Venue Co. Ltd. 2023-08-25 - Secondary Buyout
Melbourne, Australia · www.ausvenueco.com.au
Patties Foods Ltd. 2022-09-15 - Secondary Buyout
Bairnsdale, Australia · www.pattiesfoods.com.au
Huis Ten Bosch Co. Ltd. 2022-08-30 828M JPY Divestiture
Nagasaki, Japan · www.huistenbosch.co.jp
%Arabica 2022-03-29 - Buyout (LBO, MBO, MBI)
Hong Kong, China · www.arabica.coffee
Cordina Group 2022-03-16 - Buyout (LBO, MBO, MBI)
Girraween, Australia · www.cordina.com.au
NMS Group S.p.A. 2021-12-01 - Stake Purchase
Nerviano, Italy · www.nmsgroup.it
GYRO HOLDINGS Co. Ltd. 2021-11-02 - Buyout (LBO, MBO, MBI)
Tokyo, Japan · www.gyro.holdings
Jiluo Technology (Shanghai) Co. Ltd. 2021-08-03 - Venture
Shanghai, China · www.inceptio.ai
Unispace Global Pty Ltd. 2021-03-03 - Buyout (LBO, MBO, MBI)
Sydney, Australia · www.unispace.com
Craveable Brands 2019-07-12 - Secondary Buyout
Chatswood, Australia · www.craveablebrands.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Food 3 (25%) - 3 (23%) -
Restaurants 3 (25%) - 3 (23%) -
Leisure 2 (17%) 828M (100%) 2 (15%) 828M (49%)
Real Estate - - 1 (8%) 865M (51%)
Business Services 1 (8%) - 1 (8%) -
Internet Software and Services 1 (8%) - 1 (8%) -
Life Science 1 (8%) - 1 (8%) -
Metals/Mining 1 (8%) - 1 (8%) -
Total 12 $828M 13 $1.7B

Acquisitions By Geo

State/Country Current # Value All-time # Value
Australia 5 (42%) - 5 (38%) -
China 3 (25%) - 3 (23%) -
Japan 2 (17%) 828M (100%) 2 (15%) 828M (49%)
Italy 1 (8%) - 1 (8%) -
Latvia 1 (8%) - 1 (8%) -
United Kingdom - - 1 (8%) 865M (51%)
Domestic 3 (25%) - 3 (23%) -
Cross-border 9 (75%) 828M (100%) 10 (77%) 1.7B (100%)
Total 12 $828M 13 $1.7B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 5 (42%) - 5 (38%) -
Secondary Buyout 4 (33%) - 4 (31%) -
Divestiture 1 (8%) 828M (100%) 2 (15%) 1.7B (100%)
Stake Purchase 1 (8%) - 1 (8%) -
Venture 1 (8%) - 1 (8%) -
Total 12 $828M 13 $1.7B

Top M&A Advisors

Financial Deals
Ernst & Young Capital Advisors
 1
BofA Securities
 1
Goldman Sachs
 1
Legal Deals
Gilbert + Tobin
 1
King & Wood Mallesons
 1

Deal Values

buy # Total
$100M to $1B 2 $1.7B
TOTAL $1.7B
Largest DTZ Holdings Plc
$865M (2014-06-16)

M&A Connections

Deals
Acquired from
Investor(s)
31%
4 (31%)
Strategic(s)
15%
2 (15%)

Investor Summary

Investor Type

Asset Manager

Size

Mega

PE Assets

30.0B USD

Established

2002

Specialist/Generalist

Generalist

Leadership

Chris Gradel

Co-Founder & Managing Partner, CIO PAG Absolute Returns

Weijian Shan

Group Chairman & CEO, Managing Partner of Asia

Jon Paul Toppino

Group President, PAG & Managing Partner PAG Real Estate

FAQ

When was PAG founded?

PAG was founded in 2002.

What type of investor is PAG?

PAG is an asset manager.

Where is PAG headquartered?

PAG is headquartered in Hong Kong, China.

How much capital does PAG have under management?

PAG has 30.0B USD under management.

 Subscribe to unlock this and 209,130
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More
1 Week Free Trial Learn More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB

Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.6K Private Equity Firms
  • 202K M&A Transactions
  • 205K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.6K M&A Advisors
    (Investment Banks and Law Firms)
  • 81K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.

Mergr

Product

Company

Legal