Investment Summary

Ascendent Capital Partners Invests In Wumart

On September 25, 2020, private equity firm Ascendent Capital Partners invested in retailer Wumart

Investment Highlights
  • This is Ascendent Capital Partners’ 1st transaction in the Retail sector.
  • This is Ascendent Capital Partners’ 3rd transaction in China.

Investment Summary

Date 2020-09-25
Target Wumart
Sector Retail
Investor(s) Ascendent Capital Partners
Deal Type Growth Capital

Target

Wumart

Beijing, China
Wumart operates a chain of 424 superstores and mini-mart outlets in Beijing, Tianjin, and the Zhejiang Province. Wumart was founded in 1994 and is based in Beijing, China.

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Investor(S) 1

DESCRIPTION

Ascendent Capital Partners is a private equity firm focused on acquiring and investing in China-related companies. The Firm looks to leverage its network and experience when working with and helping companies grow. Ascendant Capital Partners has offices in Shanghai and Hong Kong.


DEAL STATS #
Overall 3 of 4
Sector: Retail M&A 1 of 1
Type: Growth Capital M&A Deals 2 of 2
Country: China M&A 3 of 4
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-20 Meituan

Beijing, China

Meituan is a technology retail company that offers to promote digital upgrades of service retail and commodity retail on both the demand and supply sides, and works with its partners to provide quality services to consumers. Meituan was founded in 2003 and is based in Beijing, China.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-11 Hollysys

Beijing, China

Hollysys is an automation control system solutions provider, with overseas operations in eight other countries and regions throughout Asia. The company empowers its customers with enhanced operational safety, reliability, efficiency, and intelligence that are critical to their businesses by leveraging its proprietary technology and deep industry know-how. It delivers a full spectrum of automation hardware, software, and services spanning field devices, control systems, enterprise manufacturing management, and cloud-based applications. In rail transportation, Hollysys provides advanced signaling control and SCADA (Supervisory Control and Data Acquisition) systems for high-speed rail and urban rail (including subways). Hollysys was founded in 1993 and is based in Beijing, China.

Buy $1.7B