IPO • Internet Software and Services

Ascend Capital Partners Exits SinoBnet.com

On January 1, 2003, invested in internet software and services company SinoBnet.com from Ascend Capital Partners

Investment Context
  • This is transaction in the Internet Software and Services sector.
  • This is transaction in China.

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Investment Summary

Date January 1, 2003
Target SinoBnet.com
Sector Internet Software and Services
Sellers(s) Ascend Capital Partners
Deal Type IPO

Target Company

SinoBnet.com

Beijing, China
SinoBnet.com, Inc. is a China-focused publisher of offline and online trade magazines.
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Seller Profile 1

DESCRIPTION

Ascent Capital Partners is a financial advisory firm and private equity investor focused on opportunities in China. Ascend Capital Partners was formed in 1999 and is based in Beijing.


Deal Context for Seller #
Overall 2 of 5
Sector: Internet Software and Services 1 of 1
Type: IPO 1 of 3
Country: China 2 of 5
Year: 2003 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-01-01 Bonson Tech

Guangzhou, China

Bonson Tech Ltd. is a developer of software-based billing systems for China's mobile operators, China Mobile and China Unicom.

Sell $47M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-31 Acorn International

Shanghai, China

Acorn International is a marketing and branding company in China with a proven track record of developing, promoting, and selling a diverse portfolio of proprietary-branded products, as well as products from established third parties. Acorn has developed several leading proprietary-branded product lines, including Ozing electronic learning products, Rose knife kitchen and household products, and Babaka posture-correction products. Acorn International is based in Shanghai, China.

Sell -