M&A Deal Summary

GreenTree Hospitality Group Acquires Bellagio

On May 16, 2022, GreenTree Hospitality Group acquired restaurant Bellagio from Actis Capital

Acquisition Highlights
  • This is GreenTree Hospitality Group’s 3rd transaction in the Restaurants sector.
  • This is GreenTree Hospitality Group’s 2nd transaction in China.

M&A Deal Summary

Date 2022-05-16
Target Bellagio
Sector Restaurants
Buyer(s) GreenTree Hospitality Group
Sellers(s) Actis Capital
Deal Type Add-on Acquisition

Target

Bellagio

Shanghai, China
Bellagio is a casual dining chain serving Taiwanese-style dishes and shaved ice desserts. Bellagio is based in Shanghai, China.

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Buyer(S) 1

Buyer

GreenTree Hospitality Group

Shanghai, China

Category Company
Founded 2004
Sector Leisure
Employees2,339
Revenue 1.3B CNY (2024)
DESCRIPTION

GreenTree Hospitality Group franchised hotel operator. GreenTree Hospitality Group was founded in 2004 and is based in Shanghai, China.


DEAL STATS #
Overall 3 of 3
Sector: Restaurants M&A 3 of 3
Type: Add-on Acquisition M&A Deals 3 of 3
Country: China M&A 2 of 2
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-28 Argyle Hotel Management Group Pty

Beijing, United States

Argyle Hotel Management Group (Australia) Pty Ltd. is a hotel management group manages over 100 hotels and resorts across the Asia Pacific and has earned a reputation as an Australian icon in the Asia Pacific.

Buy -

Seller(S) 1

SELLER

Actis Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Actis Capital is a private equity firm focused on investments in emerging markets. Actis segments its investment activity into three areas. These include private equity, energy, and real estate. Actis' private equity team looks for buyout and growth capital opportunities requiring at least $50 million in financing. Depending on the situation, Actis will consider both controlling and minority investment situations. Sectors of interest include financial services, consumer and retail, business services, and industrial. Actis' energy group seeks to invest in in a variety of energy and utility projects. Actis' real estate team invests equity capital in office, residential, industrial, hotel and retail projects. Actis Capital was established in 2004 and is based in London, United Kingdom.


DEAL STATS #
Overall 82 of 92
Sector: Restaurants M&A 4 of 5
Type: Add-on Acquisition M&A Deals 41 of 46
Country: China M&A 12 of 12
Year: 2022 M&A 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-29 Sprng Energy

Pune, India

Sprng Energy is a renewable energy platform that develops and manages renewable energy facilities such as solar and wind farms and infrastructural assets. Sprng Energy was founded in 2017 and is based in Pune, India.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-23 Rx Propellant

Hyderabad, India

Rx Propellant is a platform focused on providing real estate solutions (R&D labs and associated facilities) to tenants in the life sciences and related sectors. Rx Propellant was founded in 2020 and is based in Hyderabad, Telangana.

Buy -