Investment Summary

KKR and Hony Capital Invest In ByteDance

On January 1, 2018, private equity firms KKR and Hony Capital invested in internet software and services company ByteDance

Investment Highlights
  • This is KKR’s 18th and Hony Capital’s 1st transaction in the Internet Software and Services sector.
  • This is KKR’s 20th and Hony Capital’s 30th transaction in China.

Investment Summary

Date 2018-01-01
Target ByteDance
Sector Internet Software and Services
Investor(s) KKR
Hony Capital
Deal Type Venture

Target

ByteDance

Beijing, China
ByteDance is an Internet technology company operating several machine learning-enabled content platforms. ByteDance was founded in 2012 and is based in Bejing, China.

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Investor(S) 2

Investor

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 510.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 266 of 483
Sector (Internet Software and Services) 18 of 36
Type (Venture) 23 of 35
Country (China) 20 of 28
Year (2018) 6 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Headlands Research

Corte Madera, California, United States

Headlands Research is a globally integrated site organization with a mission of profoundly impacting the clinical trials process. Headlands Research is comprised of the highest quality dedicated and embedded research centers across North America. Headlands Research was formed in 2018 and is based in Corte Madera, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-04 Imagine Learning

Tempe, Arizona, United States

Imagine Learning operates a platform of digital and SaaS educational solution businesses and makes control investments in high potential businesses in the education industry. Imagine Learning was formed in 2010 and is based in Tempe, Arizona.

Sell -
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 38 of 41
Sector (Internet Software and Services) 1 of 1
Type (Venture) 5 of 7
Country (China) 30 of 32
Year (2018) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Honghe Renai Medical Group

Beijing, China

Honghe Renai Medical Group is a platform that integrates investment and operations in the medical service sector. Through mergers and acquisitions of hospitals that meet leading standards, HCCL implements operational management and control that complement the characteristics of the Chinese medical service industry, improves hospital capabilities and service standards, and continuously enhances the comprehensive value of its hospitals. Honghe Renai Medical Group was founded in 2014 and is based in Beijing, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-01 I-MAB Biopharma

Shanghai, China

I-MAB Biopharma is a global biotech company exclusively focused on developing innovative biologics of first-in-class or best-in-class potential in the therapeutic areas of immuno-oncology and autoimmune diseases. I-MAB Biopharma was founded in 2014 and is based in Shanghai, China.

Buy -