M&A Deal Summary

CVC Capital Partners Acquires Good Choice

On August 2, 2019, private equity firm CVC Capital Partners acquired e-commerce company Good Choice

Acquisition Highlights
  • This is CVC Capital Partners’ 1st transaction in the E-Commerce sector.
  • This is CVC Capital Partners’ 7th transaction in South Korea.

M&A Deal Summary

Date 2019-08-02
Target Good Choice
Sector E-Commerce
Buyer(s) CVC Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Good Choice

Seoul, South Korea
Good Choice is a provider of online accommodation booking services in Korea. Good Choice operates an online booking platform for a variety of accommodation types, connecting end-users with local lodging operators. The company has pioneered the development of online booking in the budget accommodation segment with its user-friendly mobile platform and proprietary sales network across the nation. Good Choice is based in Seoul, South Korea.

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Buyer(S) 1

Buyer

CVC Capital Partners

Luxembourg, Luxembourg

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 177.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CVC Capital Partners is a global private equity firm focused on investments in large companies located in Europe, North America, and Asia. CVC looks for opportunities with stable cash flows and talented management, and will consider businesses in a variety of industries. Target sectors include textiles, industrial products, waste management, building materials, energy/utilities, business services, financial services, distribution, healthcare, media, semiconductors, and gaming. CVC can handle transactions valued from €200 million to €10 billion. CVC Capital Partners was formed in 1981 and is based in Luxembourg.


DEAL STATS #
Overall 246 of 328
Sector: E-Commerce M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 110 of 122
Country: South Korea M&A 7 of 7
Year: 2019 M&A 10 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-02 Multiversity

Campania, Italy

Multiversity is the owner of Italy's largest online university Universitá Telematica Pegaso, as well as Mercatorum University. Pegaso is the largest online university in Italy, offering courses to around 80,000 undergraduate and post-graduate students across more than 70 exam venues. Pegaso's innovative online platform offers a range of programs for the under-served further education market, including bachelor and master degrees, post-graduate masters and single courses. Multiversity was founded in 2006 and is based in Campania, Italy.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-25 DFE Pharma

Goch, Germany

DFE Pharma is an excipient manufacturer. Excipients are the inactive substances that are blended with the active ingredients in medicine for purposes such as binding, bulking, disintegration or to aid in the processing of the active ingredient. With operations in Europe, India and New Zealand and an active presence in over 100 countries, DFE develops, produces and markets excipients primarily for oral solid dose and dry powder inhalation. DFE Pharma is based in Goch, Germany.

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