M&A Deal Summary

Goldman Sachs Merchant Banking and Tencent Holdings Acquire Voodoo

On May 28, 2018, private equity firm Goldman Sachs Merchant Banking and Tencent Holdings acquired digital media company Voodoo for 200M USD

Acquisition Highlights
  • This is Goldman Sachs Merchant Banking’s 2nd and Tencent Holdings’ 3rd transaction in the Digital Media sector.
  • This is Goldman Sachs Merchant Banking’s 44th and Tencent Holdings’ 4th largest (disclosed) transaction.
  • This is Goldman Sachs Merchant Banking’s 5th and Tencent Holdings’ 1st transaction in France.

M&A Deal Summary

Date 2018-05-28
Target Voodoo
Sector Digital Media
Buyer(s) Goldman Sachs Merchant Banking
Tencent Holdings
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 200M USD

Target

Voodoo

Paris, France
Voodoo is a mobile video game manufacturer. Voodoo was founded in 2013 and is based in Paris, France.

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Buyer(S) 2

Buyer

Goldman Sachs Merchant Banking

New York, New York, United States

Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 155.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Goldman Sachs Merchant Banking Division is the investment arm of Goldman Sachs. The primary corporate investment group within the Merchant Banking Division is Goldman Sachs' direct investment arm. GS's direct investment arm consists of GS Capital Partners, GS Mezzanine Partners, and GS Growth Partners. GS Capital Partners is the direct corporate equity investment group which seeks LBO, recapitalization, and growth investments to help fund acquisitions, expansions, recapitalizations, restructurings, buyouts, and take privates. GS Capital Partners looks to invest between $50 and $800 million in opportunities in North/South America, Europe, Asia. GS Mezzanine Partners is the junior capital arm of Goldman Sachs. GS Mezzanine looks to invest between $200 million and and $800 million in transactions valued up to $10 billion. Investment proceeds are used to fund leveraged buyouts, expansion financings, recapitalizations, acquisitions, and restructurings. GS Growth looks to invest in growth equity transactions. The unit seeks to commit $20 to $200 million per investment. Other units within GS's merchant banking division include Real Estate, Infrastructure, and Urban Investments. Goldman Sachs Merchant Banking Division is based in New York City.


DEAL STATS #
Overall 149 of 189
Sector: Digital Media M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 30 of 33
Country: France M&A 5 of 6
Year: 2018 M&A 5 of 13
Size (of disclosed) 44 of 51
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-21 Ipreo Holdings

New York, New York, United States

Ipreo Holdings LLC is a global provider of high quality data, market intelligence, and productivity solutions to investment banking and corporate clients. Ipreo was founded in 1985 and is based in New York, New York.

Sell $1.9B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-14 Industrial Container Services

Montebello, California, United States

Industrial Container Services is a provider of reusable container solutions in the United States, providing new and reconditioned steel, plastic, and fiber drums. With 49 facilities across the United States and Canada, ICS collects, reconditions and distributes over 10 million steel, poly and intermediate bulk containers annually and is the only company capable of offering comprehensive services, including pickup and reconditioning of containers of all major packaging types, new container manufacturing and distribution, to customers nationally. Industrial Container Services is based in Montebello, California.

Sell -
Buyer

Tencent Holdings

Shenzhen, China

Category Company
Founded 1998
Sector Internet Software and Services
Employees111,221
Revenue 660.3B CNY (2024)
DESCRIPTION

Tencent is a provider of a comprehensive range of Internet and wireless value-added services. Through its various online platforms, including Instant Messaging QQ, web portal QQ.com, the QQ Game platform under Tencent Games, multi-media social networking service Qzone and wireless portal, Tencent services the largest online community in China and fulfills the user's needs for communication, information, entertainment and e-Commerce on the Internet. Tencent has three main streams of revenues: Internet value-added services, mobile and telecommunications value-added services and online advertising. Tencent Holdings was founded in 1998 and is based in Shenzhen, China.


DEAL STATS #
Overall 9 of 15
Sector: Digital Media M&A 3 of 5
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
Country: France M&A 1 of 1
Year: 2018 M&A 2 of 3
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-08 Shanda Games

Shanghai, China

Shanda Games Ltd. is an online game developer, operator, and publisher. Shanda Games was founded in 2001 and is based in Shanghai, China.

Buy $474M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-04 Maya Innovations

Manila, Philippines

Maya Innovations is a technology company focused on developing customer-centric emerging market platforms in the areas of digital payments, digital finance, and marketing technologies. Maya Innovations was founded in 2013 and is based in Manila, Phillippines.

Buy -