M&A Deal Summary

General Atlantic and Alibaba Group Acquire Trendyol

On June 28, 2018, growth capital firm General Atlantic and Alibaba Group acquired e-commerce company Trendyol

Acquisition Highlights
  • This is General Atlantic’s 7th and Alibaba Group’s 4th transaction in the E-Commerce sector.
  • This is General Atlantic’s 2nd and Alibaba Group’s 1st transaction in Turkey.

M&A Deal Summary
Date 2018-06-28
Target Trendyol
Sector E-Commerce
Buyer(s) General Atlantic
Alibaba Group
Deal Type Add-on Acquisition

Target

Trendyol

Istanbul, Turkey
Trendyol is an operator of an eCommerce company that provides customers, sellers, and vendors an e-commerce experience. Trendyol was founded in 2010 and is based in Istanbul, Turkey.

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Buyer(S) 2

Buyer

General Atlantic

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1980
PE ASSETS 73.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 196 of 340
Sector (E-Commerce) 7 of 15
Type (Add-on Acquisition) 3 of 4
Country (Turkey) 2 of 2
Year (2018) 13 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-19 SigFig

San Francisco, California, United States

SigFig is a an online digital wealth management platform, providing financial institutions with an integrated, white-label solution to offer their customers high-quality and affordable investment advice. SigFig was founded in 2007 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-02 Automation Anywhere

San Jose, California, United States

Automation Anywhere is a software provider of robotic process automation, offering AI-enabled solutions to help global companies manage and scale business processes faster. Automation Anywhere was founded in 2003 and is based in San Jose, California.

Buy -
Buyer

Alibaba Group

Hangzhou, China
Category Company
Founded 1999
Sector E-Commerce
Employees204,891
Revenue 941.2B CNY (2024)
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 Hangzhou, China.

DEAL STATS #
Overall 12 of 16
Sector (E-Commerce) 4 of 5
Type (Add-on Acquisition) 9 of 10
Country (Turkey) 1 of 1
Year (2018) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-08 daraz.pk

Karachi, Pakistan

daraz.pk is an online platform that sells apparels, bags, home appliances and beauty care products. daraz.pk was established in 2012 and is based in Karachi, Pakistan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-27 Focus Media

Shanghai, China

Focus Media is a multi-platform digital media company, operating LCD display network in China. The Company operates in four business segments: LCD, Poster Frame, In-Store and Movie Theaters. Focus Media was founded in 2003 and is based in Shanghai, China.

Buy -
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