M&A Deal Summary

Klook Acquires Huizuche

On April 2, 2020, Klook acquired business services company Huizuche from H&Q Asia Pacific

Acquisition Highlights
  • This is Klook’s 1st transaction in the Business Services sector.
  • This is Klook’s 1st transaction in China.

M&A Deal Summary

Date 2020-04-02
Target Huizuche
Sector Business Services
Buyer(s) Klook
Sellers(s) H&Q Asia Pacific
Deal Type Add-on Acquisition

Target

Huizuche

Shanghai, China
Huizuche is a service platform providing customized car rental and private car services for Chinese outbound travelers in more than 200 countries, covering 5,000 international cities by partnering with 320 major car rental companies. Huizuche was founded in 2014 and is based in Shanghai, China.

Search 214,356 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

Klook

Shenzhen, China

Category Company
Founded 2014
Sector Internet Software and Services
DESCRIPTION

Klook is an online travel company that serves the international market in providing reservations or bookings and tickets to experiences such as tours and experiences, tourist attractions, public transport and accommodation. Klook was founded in 2014 and is based in Shenzhen, China.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: China M&A 1 of 1
Year: 2020 M&A 1 of 1

Seller(S) 1

SELLER

H&Q Asia Pacific

Hong Kong, China

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 3.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

H and Q Asia Pacific (H&QAP) is a private equity firm focused on later-stage control investments and earlier-stage venture capital investments across the Pacific Rim. Areas of interest include technology, technology manufacturing, consumer brands, and financial services. The Group was originally formed in 1985 as a division of US investment bank Hambrecht & Quist and is now an independent organization. H&Q Asia Pacific has offices in Palo Alto, California; Hong Kong; Manila; Shanghai; Taipei; and Tokyo.


DEAL STATS #
Overall 21 of 26
Sector: Business Services M&A 2 of 3
Type: Add-on Acquisition M&A Deals 5 of 6
Country: China M&A 3 of 3
Year: 2020 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-20 One

Folsom, California, United States

One is a digital payment solutions vendor focused exclusively on the insurance industry. The company’s InsureOne™ product suite enables property and casualty insurers to expand their distribution channels and increase revenues while replacing legacy core systems that are inefficient and inflexible. Its software is used by a rapidly growing list of notable customers, including the National General Insurance Company, Confie Seguros, and Mutual of Enumclaw. One was formed in 2005 and is based in Folsom, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-04 Jobkorea

Seoul, South Korea

Jobkorea is a major online job portal service provider with a dominant market position with high profitability. The company's online job portal connects employers with job seekers at all levels and provides personalized career advice to its registered users. Jobkorea was established in 1996 and is based in Seoul, South Korea.

Sell -