Investment Summary

Hony Capital and SoftBank Invest In WeWork

On March 9, 2016, private equity firm Hony Capital and SoftBank invested in real estate company WeWork

Investment Highlights
  • This is Hony Capital’s 1st and SoftBank’s 1st transaction in the Real Estate sector.
  • This is Hony Capital’s 2nd and SoftBank’s 6th transaction in the United States.
  • This is Hony Capital’s 1st and SoftBank’s 3rd transaction in New York.
Investment Fate
  • WeWork was sold to a consortium of buyers in 2021.

Investment Summary

Date 2016-03-09
Target WeWork
Sector Real Estate
Investor(s) Hony Capital
SoftBank
Deal Type Growth Capital

Target

WeWork

New York, New York, United States
WeWork co-working office in Austin, Texas.
WeWork co-working office in Austin, Texas.
WeWork is a global network of co-working offices and living spaces that looks to foster a community amongst its members. WeWork was established in 2010 and is based in New York City.

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Investor(S) 2

Investor

Hony Capital

Beijing, China

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 10.0B 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 27 of 41
Sector (Real Estate) 1 of 1
Type (Growth Capital) 8 of 9
State (New York) 1 of 1
Country (United States) 2 of 4
Year (2016) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-04 Chinasoft International

Beijing, China

Chinasoft International is a provider of integrated software solutions and IT service provider. Chinasoft International was founded in 2000 and is based in Beijing, China.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-11 Linmon Pictures

Shanghai, China

Linmon Pictures is an operator of a boutique studio. Ningmeng Pictures is based in Shanghai, China.

Buy -
Investor

SoftBank

Tokyo, Japan

Category Company
Founded 1981
Sector Diversified
Employees80,909
Revenue 6.57T JPY (2023)
DESCRIPTION

SoftBank is a diversified telecommunications and internet corporation, with operations in broadband, fixed-line telecommunications, e-commerce, Internet, broadmedia, technology services, finance, media and marketing, and other businesses. SoftBank was founded in 1981 and is based in Tokyo, Japan.


DEAL STATS #
Overall 14 of 27
Sector (Real Estate) 1 of 1
Type (Growth Capital) 2 of 3
State (New York) 3 of 4
Country (United States) 6 of 12
Year (2016) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-23 DramaFever

New York, New York, United States

DramaFever Corp. is an Internet video-on-demand player that specializes in international TV shows and movies.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-21 Supercell Oy

Helsinki, Finland

Supercell is a mobile game company headquartered in Finland. Their two game apps, Clash of Clans and Hay Day, reached the top position in “Top Grossing” ranking of Apple’s App Store in 137 countries and 96 countries, respectively. From February 2013 to August 2013, Supercell was the No.1 publisher in the world among the apps in the Games category of the App Store. The Finnish company has become the one of the leading proponents of ‘freemium games’, which cost nothing to buy but players spend money to speed up the action.

Sell -