M&A Deal Summary

Hony Capital Acquires COFCO Capital

On October 2, 2017, private equity firm Hony Capital acquired business services company COFCO Capital for 271M USD

Acquisition Highlights
  • This is Hony Capital’s 1st transaction in the Business Services sector.
  • This is Hony Capital’s 5th largest (disclosed) transaction.
  • This is Hony Capital’s 25th transaction in China.

M&A Deal Summary

Date 2017-10-02
Target COFCO Capital
Sector Business Services
Buyer(s) Hony Capital
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 271M USD

Target

COFCO Capital

Beijing, China
COFCO Capital is a professional company and investment platform for the operation and management of financial business under COFCO Group. Its business area include Life insurance business, Trust business, Futures business, insurance broker, Fintech, Industry Fund, cross-border finance, Bank business. COFCO Capital was founded in 1996 and is based in Beijing, China.

Search 214,503 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Hony Capital

Beijing, China

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 13.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Hony Capital (Beijing) Co., Ltd. is a private equity firm focused on investment opportunities across China. The Firm targets buyouts and commercializations of Chinese state-owned enterprises as well as growth capital investments in rapidly-growing private Chinese companies. Hony's primary focus is within the construction materials, pharmaceuticals, construction machinery, retail, and consumer goods sectors, however, the firm will also consider opportunities in media/entertainment, financial services, energy, and resources. Hony is a long-term investor and is sponsored by Legend Holdings, parent of computer maker Lenovo amongst other properties. Hony Capital is located in Beijing, China.


DEAL STATS #
Overall 32 of 41
Sector: Business Services M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 9 of 9
Country: China M&A 25 of 31
Year: 2017 M&A 3 of 6
Size (of disclosed) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-11 Viu

Hong Kong, China

Viu is a pan-regional over-the-top (OTT) video streaming service. It‘s available in 16 markets including: Hong Kong, Singapore, Malaysia, Indonesia, the Philippines, Thailand and Myanmar in Asia; Bahrain, Egypt, Jordan, Kuwait, Oman, Qatar, Saudi Arabia and the UAE in the Middle East; as well as South Africa. Viu was founded in 2015 and is based in Hong Kong, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-17 Mr & Mrs Italy

Rimini, Italy

Mr & Mrs Italy is an e-commerce brand responsible for elevating the classic parka coat style. Mr & Mrs Italy is based in Rimini, Italy.

Buy -