M&A Deal Summary

Boyu Capital Acquires Quasar

On August 1, 2023, private equity firm Boyu Capital acquired medical products company Quasar from Longreach Group

Acquisition Highlights
  • This is Boyu Capital’s 1st transaction in the Medical Products sector.
  • This is Boyu Capital’s 2nd transaction in China.

M&A Deal Summary
Date 2023-08-01
Target Quasar
Sector Medical Products
Buyer(s) Boyu Capital
Sellers(s) Longreach Group
Deal Type Secondary Buyout

Target

Quasar

Hong Kong, China
Quasar is a contract development and manufacturing organization (“CDMO”) for bluechip medical device companies globally and an industry leader in the development and manufacturing of complex minimally invasive cardiovascular diagnostics and therapeutic catheters as well as other high-precision medical products and healthcare-related devices. Quasar was established in 1988 and is based in Hong Kong, China.

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Buyer(S) 1

Buyer

Boyu Capital

Category Private Equity Firm
Founded 2010
Size Small
Type Sector Agnostic
DESCRIPTION

Boyu Capital is a private investment firm focused on opportunities throughout China. Sectors of interest include consumer, retail, financial services, healthcare services, media, and technology. In addition to capital, Boyu looks to assist companies with corporate governance, strategic planning, and operational improvement. Boyu Capital was formed in 2010 and is based in Hong Kong.

DEAL STATS #
Overall 3 of 3
Sector (Medical Products) 1 of 1
Type (Secondary Buyout) 1 of 1
Country (China) 2 of 2
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-28 Trax

Singapore, Singapore

Trax is a provider of computer vision solutions and analytics for retail. The company enables tighter execution controls in-store and provides clients with the ability to leverage competitive insights through its in-store execution tools, market measurement services and data science to unlock revenue opportunities at all points of sale. Trax was founded in 2010 and is headquartered in Singapore with offices worldwide.

Buy -

Seller(S) 1

SELLER

Longreach Group

Tokyo, Japan
Category Private Equity Firm
Founded 2003
PE ASSETS 750M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

The Longreach Group is an independent private equity firm focused on opportunities in Japan and North Asia. The Firm looks to invest as a control or minority investor in businesses operating in the technology, industrial, financial services, business services, and consumer-related sectors. Longreach targets transactions valued from $50 million to $1 billion where the Firm can invest from $30 million to $200 million. The Longreach Group was formed in 2003 and has offices in Tokyo and Hong Kong.

DEAL STATS #
Overall 9 of 9
Sector (Medical Products) 1 of 1
Type (Secondary Buyout) 2 of 2
Country (China) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-27 Wellness Communications

Tokyo, Japan

Wellness Communications is a healthcare software-as-a-service (“SaaS”) and outsourcing company in Japan. WCC offers two core and high customer demand growth services: health management system software mainly for large enterprises and medical checkup outsourcing services mainly for corporate health insurance associations. Wellness Communications was founded in 2006 and is based in Tokyo, Japan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-31 Nobitel

Tokyo, Japan

Nobitel operates its main business under the brand name “Dr.stretch”. The company offers one-on-one assisted stretch services at its own or franchisees’ outlet studios. Nobitel was founded in 1993 and is based in Tokyo, Japan.

Buy -
Mergr

Product

Company

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