M&A Deal Summary

EQT Private Capital Asia Acquires Acuon Capital

On August 1, 2019, private equity firm EQT Private Capital Asia acquired financial services company Acuon Capital from J.C. Flowers & Co.

Acquisition Highlights
  • This is EQT Private Capital Asia’s 3rd transaction in the Financial Services sector.
  • This is EQT Private Capital Asia’s 4th transaction in South Korea.

M&A Deal Summary

Date 2019-08-01
Target Acuon Capital
Sector Financial Services
Buyer(s) EQT Private Capital Asia
Sellers(s) J.C. Flowers & Co.
Deal Type Secondary Buyout

Target

Acuon Capital

Seoul, South Korea
Acuon Capital is a consumer finance and leasing company. Acuon Capital was founded in 2006 and is based in Seoul, South Korea.

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Buyer(S) 1

Buyer

EQT Private Capital Asia

Hong Kong, China

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 125.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT Private Capital Asia is an Asia-focused private equity group specializing in growth equity investments and buyouts of companies valued between $300 million and $1.5 billion. Baring looks for companies that require capital for organic expansion, recapitalizations, or to fund acquisitions. The Group's geographic coverage spans China, India, Japan, Singapore, Hong Kong, and Taiwan. EQT Private Capital Asia was formed in 1997 and is based in Hong Kong.


DEAL STATS #
Overall 44 of 69
Sector: Financial Services M&A 3 of 5
Type: Secondary Buyout M&A Deals 10 of 16
Country: South Korea M&A 4 of 5
Year: 2019 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-12 CitiusTech

Mumbai, India

CitiusTech is a healthcare technology services and solutions provider. CitiusTech offers a wide range of healthcare-related information technology services including software development, software interoperability, meaningful use compliance solutions, analytics, care management and consumer health solutions. CitiusTech was founded in 2005 and is based in Mumbai, Maharashtra.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-18 VUS

Ho Chi Minh City, Vietnam

VUS provides english language training (ELT) with millions of learners enrolling for its courses since its foundation. VUS is based in Ho Chi Minh City, Vietnam.

Buy -

Seller(S) 1

SELLER

J.C. Flowers & Co.

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 4.0B USD
Size Large
Type Sector Focused
DESCRIPTION

JC Flowers is a specialist private equity firm that targets investments in the financial services sector. JC Flowers looks for distressed opportunities in North America, Western Europe, and Asia. JC Flowers was formed in 1998 and is based in New York City with an additional office in London.


DEAL STATS #
Overall 10 of 22
Sector: Financial Services M&A 7 of 12
Type: Secondary Buyout M&A Deals 4 of 7
Country: South Korea M&A 1 of 1
Year: 2019 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-01 First Bank

București, Romania

First Bank offers a comprehensive range of products and services for local and international clients, including retail, small and medium-sized enterprises, and corporate banking. First Bank operates through a network of 100 banking units, employing 1,200 specialists, and has approximately 300,000 customers. First Bank is based in București, Romania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-06 SBI Shinsei Bank

Tokyo, Japan

SBI Shinsei Bank is a bank. The Corporate segment provides various financial products and services to businesses and public companies, credit trading-related financial products and services, asset backed investment, and advisory service, among others. The Financial Market segment provides financial products and services to financial companies, and foreign exchange, derivatives, equity-related and other capital market businesses, as well as asset and liability management (ALM) business, and alternative investment, wealth management. SBI Shinsei Bank was founded in 1952 and is based in Tokyo, Japan.

Sell -