M&A Deal Summary

Hillhouse Acquires Versuni

On March 25, 2021, private equity firm Hillhouse acquired consumer products company Versuni from Philips for 3.7B USD

Acquisition Highlights
  • This is Hillhouse’s 1st transaction in the Consumer Products sector.
  • This is Hillhouse’s largest (disclosed) transaction.
  • This is Hillhouse’s 1st transaction in the Netherlands.

M&A Deal Summary
Date 2021-03-25
Target Versuni
Sector Consumer Products
Buyer(s) Hillhouse
Sellers(s) Philips
Deal Type Divestiture
Deal Value 3.7B USD

Target

Versuni

Amsterdam, Netherlands
Versuni provides kitchen, coffee, garment care and home care appliances. Versuni is based in Amsterdam, Netherlands.

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Buyer(S) 1

Buyer

Hillhouse

Investor

Category Private Equity Firm
Founded 2005
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Hillhouse Capital Management is a private investment firm focused on opportunities throughout Asia. The Firm will invest at all company stages, including seed investments, buyouts, and listed equities. Areas of interest include consumer and health. Hillhouse Capital Management is based in Hong Kong.

DEAL STATS #
Overall 9 of 11
Sector (Consumer Products) 1 of 1
Type (Divestiture) 2 of 2
Country (Netherlands) 1 of 1
Year (2021) 1 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-08 MiAlgae

Edinburgh, United Kingdom

MiAlgae biotech business uses co-products from the whisky distillation process to produce microalgae, which is high in omega 3 and other nutrients. The algae can be used to sustainably feed fish and create animal food. MiAlgae estimates that one tonne of its algae saves up to 30 tonnes of wild fish. MiAlgae was founded in 2016 and is based in Edinburgh, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-25 AI Dream

Shanghai, China

AI Dream is a branded sleep solution provider and one of the largest players in China’s premium mattress market. Its differentiated product offering includes mattresses, bed frames, smart beds, and customized bedroom solutions. AI Dream was founded in 2018 and is based in Shanghai, China.

Buy -

Seller(S) 1

SELLER

Philips

Amsterdam, Netherlands
Category Company
Founded 1891
Sector Consumer Products
Employees69,062
Revenue 18.2B EUR (2023)
DESCRIPTION
Philips office building in Prague, Czech Republic.
Philips office building in Prague, Czech Republic.

Philips is a diversified health and well-being company with products that include cardiac care, acute care and home healthcare, oral healthcare, and male shaving and grooming. Koninklijke Philips was founded in 1891 and is based in Amsterdam, Netherlands.

DEAL STATS #
Overall 14 of 15
Sector (Consumer Products) 1 of 1
Type (Divestiture) 11 of 12
Country (Netherlands) 8 of 9
Year (2021) 1 of 2
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-19 Capsule Technologies

Andover, Massachusetts, United States

Capsule Technologies, Inc. is a provider of medical device connectivity solutions for hospitals. Capsule integrates with clinical information systems to capture more data, reduce manual efforts and cost, and improve patient care. Capsule Technologies, Inc. was founded in 1997 and is based in Andover, Massachusetts.

Buy $635M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-05 Koninklijke Philips - Aging and Caregiving business

Amsterdam, Netherlands

Koninklijke Philips' Aging and Caregiving (ACG) business offer Lifeline Personal Emergency Response System (PERS) and senior living solutions with 24/7 access to trained care specialists, and digital solutions that help caregivers stay connected. Koninklijke Philips' Aging and Caregiving (ACG) business is based in Amsterdam, Netherlands.

Sell -
Mergr

Product

Company

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