M&A Deal Summary

MBK Partners, EQT Private Capital Asia and The Crawford Group Acquire eHi Car Service

On April 16, 2018, private equity firm MBK Partners, private equity firm EQT Private Capital Asia and The Crawford Group acquired business services company eHi Car Service

Acquisition Highlights
  • This is MBK Partners’ 2nd, EQT Private Capital Asia’s 4th and The Crawford Group’s 1st transaction in the Business Services sector.
  • This is MBK Partners’ 6th, EQT Private Capital Asia’s 11th and The Crawford Group’s 1st transaction in China.

M&A Deal Summary

Date 2018-04-16
Target eHi Car Service
Sector Business Services
Buyer(s) MBK Partners
EQT Private Capital Asia
The Crawford Group
Deal Type Going Private

Target

eHi Car Service

Shanghai, China
eHi Car Service is a car rental and car services company. It provides comprehensive mobility solutions as an alternative to car ownership by best utilizing existing resources and sharing economy to create optimal value. eHi Car Service was founded in 2003 and is based Shanghai, China.

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Buyer(S) 3

Buyer

MBK Partners

Hong Kong, China

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 30.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

MBK Partners is a private equity firm focused on opportunities throughout Northern Asia (Korea, Japan, China, and Taiwan). MBK specializes in a variety of transactions, including management buy-outs, corporate divestitures, take privates, and add-on acquisitions and will consider both majority and minority positions. Sectors of interest include telecommunication/media, financial services, heavy industrials, consumer, pharmaceuticals, and business services. MBK Partners was formed in 2005 and is based in Hong Kong. The Firm has additional offices in Seoul, Tokyo, and Shanghai.


DEAL STATS #
Overall 30 of 48
Sector: Business Services M&A 2 of 3
Type: Going Private M&A Deals 2 of 4
Country: China M&A 6 of 10
Year: 2018 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-01 Golfzon County

Daejeon, South Korea

Golfzon County is the golf course operator in Korea, with seven public golf courses currently under management, and a leading online and mobile golf reservation platform. The Company has superior operating capabilities and strong financials, including an industry-leading utilization rate. Golfzon County was founded in 2000 and is based Daejeon, South Korea.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-01 BHC

Seoul, South Korea

BHC is a franchise restaurant operators, with over 1,500 stores nationwide. The Company also operates several other popular restaurant chains, including Changgo, a full-service premium Korean barbecue restaurant, and Halmae, a quick-service soup restaurant. BHC was founded in 2010 and is based in Seoul, South Korea.

Buy -
Buyer

EQT Private Capital Asia

Hong Kong, China

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 125.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT Private Capital Asia is an Asia-focused private equity group specializing in growth equity investments and buyouts of companies valued between $300 million and $1.5 billion. Baring looks for companies that require capital for organic expansion, recapitalizations, or to fund acquisitions. The Group's geographic coverage spans China, India, Japan, Singapore, Hong Kong, and Taiwan. EQT Private Capital Asia was formed in 1997 and is based in Hong Kong.


DEAL STATS #
Overall 39 of 69
Sector: Business Services M&A 4 of 7
Type: Going Private M&A Deals 5 of 11
Country: China M&A 11 of 13
Year: 2018 M&A 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-20 Cue Group

Shanghai, China

Cue Group is a one-stop digital marketing company for the Chinese market. Cue is a differentiated approach to digital marketing with increased scale, greater technological resources, and new integration capabilities to deliver for customers a full suite of digital marketing solutions. Cue clients include leading consumer brands, financial institutions, online game companies, and internet service providers. Cue Group was founded in 2018 and is based in Shanghai, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-08 World Freight

Roissy, France

World Freight is a Global Sales and Services Agents (“GSSA”) whose core business is to provide airline partners with a comprehensive global presence and the resources to sell and optimize their cargo capacity. World Freight was formed in 2004 and is based in Roissy, France.

Buy -
Buyer

The Crawford Group

St. Louis, Montana, United States

Category Company
Founded 1990
Sector Retail
DESCRIPTION

The Crawford Group, Inc. is a provider of car rental services.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Going Private M&A Deals 1 of 1
Country: China M&A 1 of 1
Year: 2018 M&A 1 of 1