Secondary Buyout • Retail

DCP Capital Acquires Sun Art Retail Group

On January 1, 2025, private equity firm DCP Capital acquired retailer Sun Art Retail Group from Alibaba Group for 1.6B USD

Acquisition Context
  • This is DCP Capital’s 1st transaction in the Retail sector.
  • This is DCP Capital’s 2nd largest (disclosed) transaction.
  • This is DCP Capital’s 13th transaction in China.

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M&A Deal Summary

Date January 1, 2025
Target Sun Art Retail Group
Sector Retail
Buyer(s) DCP Capital
Sellers(s) Alibaba Group
Deal Type Secondary Buyout
Deal Value 1.6B USD

Target Company

Sun Art Retail Group

Shanghai, China
Sun Art Retail Group is a hypermarket operator and holding company for RT-Mart China and Auchan China. Sun Art Retail Group was founded in 1998 and is based in Wan Chai, China.
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Buyer Overview 1

DESCRIPTION

DCP is a private equity firm focused on long-term partnerships with management teams in companies across Asia. The Firm seeks businesses with growth potential in a variety of industries including business services, consumer products, distribution, food, manufacturing, financial services, real estate, and staffing. DCP is headquartered in Beijing, China.


Deal Context for Buyer #
Overall 15 of 15
Sector: Retail 1 of 1
Type: Secondary Buyout 2 of 2
Country: China 13 of 13
Year: 2025 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-31 MFS Technology

Singapore, Singapore

MFS Technology is a printed circuit board solutions provider with a strategic focus on end industries such as medical, data storage, automotive and industrial control. MFS Technology was founded in 1989 and is based in Singapore.

Sell -

Seller Profile 1

SELLER

Alibaba Group

Hong Kong, China

Category Company
Founded 1999
Sector E-Commerce
Employees123,711
Revenue 996.3B CNY (2025)
DESCRIPTION

Alibaba Group is a group of Chinese e-commerce businesses including Alibaba.com, Taobao, and Alipay. Alibaba Group was founded in 1999 and is based in Hong Kong, China.


Deal Context for Seller #
Overall 3 of 3
Sector: Retail 1 of 1
Type: Secondary Buyout 1 of 1
Country: China 1 of 1
Year: 2025 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-14 WLW

Hamburg, Germany

WLW is an online B2B search engine in the DACH region. WLW offers suppliers a dedicated platform to present themselves and their products or services of professional buyers and found to be fast and efficient. WLW was established in 1995 and is based in Hamburg, Germany.

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