M&A Deal Summary

Capital Group Private Markets Acquires InterGlobe

On May 12, 2017, private equity firm Capital Group Private Markets acquired business services company InterGlobe from Standard Chartered Private Equity and Credit Suisse Group for 2.3B INR

Acquisition Highlights
  • This is Capital Group Private Markets’ 2nd transaction in the Business Services sector.
  • This is Capital Group Private Markets’ largest (disclosed) transaction.
  • This is Capital Group Private Markets’ 3rd transaction in India.

M&A Deal Summary

Date 2017-05-12
Target InterGlobe
Sector Business Services
Buyer(s) Capital Group Private Markets
Sellers(s) Standard Chartered Private Equity
Credit Suisse Group
Deal Type Secondary Buyout
Deal Value 2.3B INR

Target

InterGlobe

Gurgaon, India
InterGlobe is an official distributor of Travelport in 6 markets across Asia Pacific region including India, Sri Lanka. The company provides cutting edge travel technology solutions with unmatched inventory options to its customers helping them increase their productivity and business efficiency. InterGlobe was formed in 2005 and is based in Gurgaon, India.

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Buyer(S) 1

Buyer
DESCRIPTION

Capital Group Private Markets is the direct investment arm of asset manager Capital Group. Capital Group Private Markets pursues expansion stage company investments in emerging markets with a focus on companies that locally dominate their respective markets. Capital Group Private Markets generally seeks minority positions, but will consider select control situations as well. Capital Group Private Markets was formed in 1992 and is headquartered in San Francisco, California.


DEAL STATS #
Overall 16 of 17
Sector: Business Services M&A 2 of 2
Type: Secondary Buyout M&A Deals 3 of 3
Country: India M&A 3 of 3
Year: 2017 M&A 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-29 Innovent Biologics

Suzhou, China

Innovent Biologics is a biopharmaceutical company in China that develops, manufacture, and commercialize high-quality innovative medicines for the treatment of cancer and other major diseases. Innovent Biologics was founded in 2011 and is based in Suzhou, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-14 Zamp

São Paulo, Brazil

Zamp develops, operates, and franchises restaurants under the Burger King and POPEYES names in Brazil. Zamp was founded in 2011 and is based in São Paulo, Brazil.

Sell -

Seller(S) 2

DESCRIPTION

Standard Chartered Principal Finance (SCPF) is the alternative asset investment arm of international bank Standard Chartered. SCPF is split into four segments. These include Corporate Private Equity, Real Estate, Infrastructure, and Alternative Investments. SCPF's Corporate Private Equity Group invests across a range of mid to late stage companies in a variety of sectors throughout the Middle East, Asia, and Africa. The Group looks for businesses with motivated management, sustainable business models, and a track record of strong cash-flows. The segment seeks to invest $25 to $100 million to fund expansion needs or management buyouts. SCPF's Real Estate Group targets real estate opportunities in Asia, Africa and the Middle East, with a primary focus on China, India, Singapore, Hong Kong, Korea and Taiwan. The Real Estate Group will consider equity or mezzanine investments in existing assets, as well as development projects and corporate level investments in real estate owners or developers. SCPF's Infrastructure unit focuses on Chinese or Indian assets across transportation, energy, power, water, environment, telecom and urban infrastructure. SCPF's Alternative Investments practice targets distressed and high-yield opportunities. Standard Chartered Principal Finance is based in Singapore, with additional offices around the world.


DEAL STATS #
Overall 5 of 11
Sector: Business Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 2
Country: India M&A 3 of 4
Year: 2017 M&A 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-28 Souq.com

Dubai, United Arab Emirates

Souq.com is an e-commerce platform serving the Middle Eastern market with access to products across categories such as consumer electronics, fashion, household goods, watches or perfumes. Souq.com operates both as a retail site and as a marketplace for third party sellers. Souq.com was formed in 2005 and is based in Dubai.

Sell $650M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 GZ Industries

Agbara, Nigeria

GZ Industries is a manufacturer of aluminium beverage cans. GZ Industries supplies major breweries and beverage companies across Africa. GZ Industries was founded in 2006 and is based in Agbara, Nigeria.

Sell -
SELLER

Credit Suisse Group

Zurich, Switzerland

Category Company
Founded 1856
Sector Financial Services
Employees50,110
Revenue 16.0B CHF (2021)
DESCRIPTION
Entrance to Credit Suisse's corporate headquarters in Zurich, Switzerland.
Entrance to Credit Suisse's corporate headquarters in Zurich, Switzerland.

Credit Suisse Group is a financial services provider which delivers financial experience and expertise to corporate, institutional and government clients and to ultrahigh-net-worth and high-net-worth individuals worldwide, in addition to affluent and retail clients in Switzerland. Credit Suisse Group was founded in 1856 and is based in Zurich, Switzerland.


DEAL STATS #
Overall 3 of 5
Sector: Business Services M&A 2 of 3
Type: Secondary Buyout M&A Deals 1 of 1
Country: India M&A 1 of 1
Year: 2017 M&A 1 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-21 Credit Suisse - HedgeFocus Business

Switzerland

Credit Suisse - HedgeFocus Business portfolio contains more than 20 hedge fund access vehicles representing approximately US$1.8 billion in assets in a combination of event driven, multi-strategy, directional, relative value and tactical strategies run by well-established managers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-05 Credit Suisse Group AG - Data Center Operations

Zurich, Switzerland

Credit Suisse Group AG - Data Center Operations in London and Singapore. The London data center is 120,000 total square feet and located in the Slough Trading Estate, while the Singapore data center is 153,000 total square feet located in Serangoon. Both facilities provide access to large power networks and an ability to serve numerous enterprises in the respective data center markets. Designed to meet the security requirements of a highly regulated financial services firm, the data centers comply with Iron Mountain's standards for security and compliance.

Sell -