Investment Summary

KKR, Hony Capital, Primavera Capital Group and Trustar Capital Invest In ByteDance

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

Investment Highlights
  • This is KKR’s 18th, Hony Capital’s 1st, Primavera Capital Group’s 1st and Trustar Capital’s 1st transaction in the Internet Software and Services sector.
  • This is KKR’s 20th, Hony Capital’s 30th, Primavera Capital Group’s 2nd and Trustar Capital’s 14th transaction in China.

Investment Summary

Date 2018-01-01
Target ByteDance
Sector Internet Software and Services
Investor(s) KKR
Hony Capital
Primavera Capital Group
Trustar 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.

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

Investor(S) 4

Investor

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B 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 267 of 499
Sector: Internet Software and Services M&A 18 of 37
Type: Venture M&A Deals 23 of 35
Country: China M&A 20 of 29
Year: 2018 M&A 6 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Headlands Research

Lake Worth, Florida, United States

Headlands Research is a multinational integrated clinical trial site organization with a mission to improve lives by advancing innovative medical therapies. Headlands Research was formed in 2018 and is based in Lake Worth, Florida.

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 founded 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 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 38 of 41
Sector: Internet Software and Services M&A 1 of 1
Type: Venture M&A Deals 5 of 7
Country: China M&A 30 of 31
Year: 2018 M&A 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. HCCL implements operational management and control that complement the characteristics of the 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

Rockville, Maryland, United States

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 Rockville, Maryland.

Buy -
DESCRIPTION

Primavera Capital Group is a private investment firm focused on private equity and special situations opportunities in China. The Firm employs a flexible strategy of growth capital, control-oriented, and restructuring investments and seeks to create long-term value by working closely with portfolio companies to improve operational efficiency, competitiveness, and earnings growth. Primavera Capital Group was established in 2010 and is based in Beijing.


DEAL STATS #
Overall 4 of 10
Sector: Internet Software and Services M&A 1 of 2
Type: Venture M&A Deals 1 of 2
Country: China M&A 2 of 6
Year: 2018 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-09 Worldstrides

Charlottesville, Virginia, United States

WorldStrides is a provider of experiential learning to over 400,000 students per year covering academic, professional, performing arts, and athletic programming. The company partners with more than 7,000 K-12 schools and 800 universities, including MBA programs. Worldstrides was founded in 1967 and is based in Charlottesville, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-19 Zuoyebang

Guangzhou, China

Zuoyebang is an online K-12 platform. It allows students to take a picture of their questions, search for answers and seek mentoring. Zuoyebang is based in Guangzhou, China.

Buy -
Investor

Trustar Capital

Hong Kong, China

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1978
PE ASSETS 8.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Trustar Capital is the private equity arm of financial services/asset manager CITIC Group. Trustar Capital separates its private equity investment activity into three groups; China, Japan, and the US. In general, Trustar looks to invest in companies with 'strong franchises', with established brands and high barriers to entry. For US-based opportunities, the firm looks to leverage its connections in China. Broad areas of interest include niche manufacturing, consumer products, and business services. The Firm does not invest in start-ups or distressed businesses. Trustar Capital is based in Hong Kong.


DEAL STATS #
Overall 37 of 64
Sector: Internet Software and Services M&A 1 of 1
Type: Venture M&A Deals 1 of 1
Country: China M&A 14 of 31
Year: 2018 M&A 2 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Taibang Biologic Group

Beijing, China

Taibang Biologic Group offers human plasma collection and medical production companies. Taibang Biologic Group was founded in 2002 and is based in Beijing, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-11 Axilone

Paris, France

Axilone is a manufacturer of plastic components for the make-up, fragrance and skincare markets: caps, jars, dispensing caps, galvanized and metallized collars and jars with strong added value through surface treatment. Axilone was founded in 1998 and is based in Paris, France.

Buy -