M&A Deal Summary

AirPower Technologies Acquires Yingde Gases

On July 1, 2021, AirPower Technologies acquired chemicals company Yingde Gases from PAG

Acquisition Highlights
  • This is AirPower Technologies’ 2nd transaction in the Chemicals sector.
  • This is AirPower Technologies’ 2nd transaction in China.

M&A Deal Summary

Date 2021-07-01
Target Yingde Gases
Sector Chemicals
Buyer(s) AirPower Technologies
Sellers(s) PAG
Deal Type Merger

Target

Yingde Gases

Shanghai, China
Yingde Gases is a large-scale professional gas company dedicated to China's industrial development. Yingde Gases supply high-quality industrial gas products such as oxygen, nitrogen and argon by means of on-site pipeline and liquid gas supply. Yingde Gases was founded in 2001 and is based in Shanghai, China.

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Buyer(S) 1

Buyer

AirPower Technologies

Hong Kong, China

Category Company
Sector Chemicals
DESCRIPTION

AirPower Technologies is an independent supplier of industrial gases. AirPower Technologies supplies a wide range of gases products and solutions to blue-chip industrial customers, as well as customers in healthcare and electronics industries. AirPower Technologies is based in Hong Kong, China.


DEAL STATS #
Overall 2 of 2
Sector: Chemicals M&A 2 of 2
Type: Merger M&A Deals 2 of 2
Country: China M&A 2 of 2
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-01 Shanghai Baosteel Gases

Shanghai, China

Shanghai Baosteel Gases is an industrial gas service provider in China. Shanghai Baosteel Gases was founded in 2008 and is based in Shanghai, China.

Buy -

Seller(S) 1

SELLER

PAG

Hong Kong, China

Investor Investor Investor


Category Asset Manager
Founded 2002
PE ASSETS 30.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

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.


DEAL STATS #
Overall 2 of 3
Sector: Chemicals M&A 2 of 2
Type: Merger M&A Deals 2 of 3
Country: China M&A 2 of 2
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-01 Shanghai Baosteel Gases

Shanghai, China

Shanghai Baosteel Gases is an industrial gas service provider in China. Shanghai Baosteel Gases was founded in 2008 and is based in Shanghai, China.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-22 Acme

Solan, India

Acme provides contract development and manufacturing services to major Indian and global pharmaceutical companies. The firm focuses on products such as sterile injectables, hormones, and other complex oral solid formulations. Acme was founded in 2005 and is based in Solan, Himachal Pradesh.

Buy $145M