M&A Deal Summary

ByteDance Acquires Amcare Healthcare

On August 10, 2022, ByteDance acquired healthcare services company Amcare Healthcare from Warburg Pincus for 1.5B USD

Acquisition Highlights
  • This is ByteDance’s 1st transaction in the Healthcare Services sector.
  • This is ByteDance’s largest (disclosed) transaction.
  • This is ByteDance’s 1st transaction in China.

M&A Deal Summary

Date 2022-08-10
Target Amcare Healthcare
Sector Healthcare Services
Buyer(s) ByteDance
Sellers(s) Warburg Pincus
Deal Type Add-on Acquisition
Deal Value 1.5B USD

Target

Amcare Healthcare

Beijing, China
Amcare Healthcare is a private hospital group in China that focuses on providing premium obstetrics, gynecology (“OB/GYN”) and pediatrics service to mid- and high-end self-pay clients. Amcare Healthcare is based in Beijing, China.

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Buyer(S) 1

Buyer

ByteDance

Beijing, China

Category Company
Founded 2012
Sector Internet Software and Services
DESCRIPTION

ByteDance is an Internet technology company operating several machine learning-enabled content platforms. ByteDance was founded in 2012 and is based in Bejing, China.


DEAL STATS #
Overall 2 of 3
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 2 of 3
Country (China) 1 of 2
Year (2022) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-30 Pico Interactive

San Francisco, California, United States

Pico Interactive develops innovative VR solutions which enable users to experience the best in VR and Interactive CGI experiences. Pico Interactive was founded in 2015 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-21 Oladance

China

Oladance is an earphone manufacturer designed to keep users aware of their surroundings during activities like running and workouts.

Buy $50M

Seller(S) 1

SELLER

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.


DEAL STATS #
Overall 236 of 251
Sector (Healthcare Services) 13 of 14
Type (Add-on Acquisition) 80 of 90
Country (China) 28 of 28
Year (2022) 8 of 13
Size (of disclosed) 17 of 63
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-01 Reorg

New York, New York, United States

Reorg is a provider of real-time news, commentary, and analysis on issues affecting the distressed debt, event-driven, and leveraged finance markets. Reorg Research's mission is to provide independent, insightful, and timely market intelligence and analysis to subscribers so they can make better business and investment decisions. Reorg was founded in 2013 and is based in New York City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-10 Vistaar Finance

Bengaluru, India

Vistaar Finance is a non-banking financial company with a focus on providing small-ticket (<$32,000) secured loans to MSMEs (micro, small and medium enterprises) in rural and semiurban areas of India. Vistaar Finance was founded in 2010 and is based in Bengaluru, India.

Buy -