M&A Deal Summary

Baring Private Equity Asia Acquires Acuon Capital

On August 1, 2019, private equity firm Baring Private Equity Asia acquired financial services company Acuon Capital from J.C. Flowers

Acquisition Highlights
  • This is Baring Private Equity Asia’s 3rd transaction in the Financial Services sector.
  • This is Baring Private Equity Asia’s 3rd transaction in South Korea.

M&A Deal Summary
Date 2019-08-01
Target Acuon Capital
Sector Financial Services
Buyer(s) Baring Private Equity Asia
Sellers(s) J.C. Flowers
Deal Type Secondary Buyout

Target

Acuon Capital

Seoul, South Korea
Acuon Capital Corp. is a consumer finance and leasing company. Acuon Capital Corp. is based in Seoul, South Korea.

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Buyer(S) 1

Buyer

Baring Private Equity Asia

Hong Kong, China

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 17.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Baring Private Equity Asia is an Asia-focused private equity group specializing in growth equity investments and buyouts of companies valued between $300 million and $1.5 billion. Baring looks for companies that require capital for organic expansion, recapitalizations, or to fund acquisitions. The Group's geographic coverage spans China, India, Japan, Singapore, Hong Kong, and Taiwan. Baring Private Equity Asia was formed in 1997 and is based in Hong Kong.

DEAL STATS #
Overall 35 of 43
Sector (Financial Services) 3 of 3
Type (Secondary Buyout) 10 of 14
Country (South Korea) 3 of 3
Year (2019) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-12 CitiusTech

Mumbai, India

CitiusTech is a healthcare technology services and solutions provider. CitiusTech offers a wide range of healthcare-related information technology services including software development, software interoperability, meaningful use compliance solutions, analytics, care management and consumer health solutions. CitiusTech was founded in 2005 and is based in Mumbai, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-19 Lumenis

Yokneam, Israel

Lumenis Ltd. is a medical company for surgical, ophthalmology and aesthetic appliances & equipment. Lumenis was founded in 1991 and is based in Yokneam, Isreal.

Buy $1.0B

Seller(S) 1

SELLER

J.C. Flowers

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 4.0B USD
Size Large
Type Sector Focused
DESCRIPTION

JC Flowers is a specialist private equity firm that targets investments in the financial services sector. JC Flowers looks for distressed opportunities in North America, Western Europe, and Asia. JC Flowers was formed in 1998 and is based in New York City with an additional office in London.

DEAL STATS #
Overall 10 of 16
Sector (Financial Services) 7 of 9
Type (Secondary Buyout) 4 of 5
Country (South Korea) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-01 First Bank

Bucuresti, Romania

First Bank offers a wide range of products and services for the local and international clients, including retail, small and medium sized enterprises and corporate banking. First Bank operates through a network of 100 banking units, employing 1,200 specialists and has approximately 300,000 customers. First Bank is based in Bucuresti ,Romania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-07 Amerilife

Clearwater, Florida, United States

Amerilife engages in developing, marketing and distributing life and health insurance, annuities and retirement planning solutions to enhance the lives of pre-retirees and retirees. Amerilife was founded in 1971 and is based in Clearwater, Florida.

Sell -
Mergr

Product

Company

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