M&A Deal Summary

Meituan Acquires Mobike Singapore Pte

On April 4, 2018, Meituan acquired consumer services company Mobike Singapore Pte from Temasek Holdings and TPG

Acquisition Highlights
  • This is Meituan’s 1st transaction in the Consumer Services sector.
  • This is Meituan’s 1st transaction in Singapore.

M&A Deal Summary

Date 2018-04-04
Target Mobike Singapore Pte
Sector Consumer Services
Buyer(s) Meituan
Sellers(s) Temasek Holdings
TPG
Deal Type Add-on Acquisition

Target

Mobike Singapore Pte

Singapore, Singapore
Mobike Singapore Pte Ltd. is a bike sharing service to fulfil urban short trips conveniently, anytime, anywhere, by combining innovation and today’s IoT (Internet of Things) technology. Mobike is green, reduces congestion and continually strives to improve the quality of city life. Mobike provides an affordable means of shared transportation for convenient short urban trips, while reducing congestion and our city's carbon footprint that improves the quality of city life.

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Buyer(S) 1

Buyer

Meituan

Beijing, China

Category Company
Founded 2003
Sector Information Technology
Employees108,900
Revenue 337.6B CNY (2024)
DESCRIPTION

Meituan is a technology retail company that offers to promote digital upgrades of service retail and commodity retail on both the demand and supply sides, and works with its partners to provide quality services to consumers. Meituan was founded in 2003 and is based in Beijing, China.


DEAL STATS #
Overall 2 of 2
Sector: Consumer Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Singapore M&A 1 of 1
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-08 Dianping

Shanghai, China

Dianping is a website that provides independent consumer reviews on local services in the world and is China's largest O2O (online to offline) platform for urban and lifestyle services. In addition to having the largest merchant information and consumer reviews database, the Company also offers group-buying, industry leading instant payment solution, largest online restaurant reservation business, take-out delivery, e-coupon promotions, and other O2O services, covering the most comprehensive array of local businesses in industries including dining, movies, lodging, entertainment, beauty, wedding, mom & kids, home renovations.

Buy -

Seller(S) 2

SELLER

Temasek Holdings

Investor Investor Investor Investor Investor


Category Sovereign Wealth Fund
Founded 1974
PE ASSETS 434.0B SGD
Size Mega
Type Sector Agnostic
DESCRIPTION

Temasek Holdings is a state-owned investment holding company. Temasek is owned by the government of Singapore and invests directly and indirectly in a broad range of assets and sectors. Target sectors include financial services, telecommunications, media, technology, transportation, industrials, life science, consumer, real estate, energy, and resources. Temasek was formed in 1974 and is based in Singapore.


DEAL STATS #
Overall 6 of 20
Sector: Consumer Services M&A 1 of 2
Type: Add-on Acquisition M&A Deals 2 of 8
Country: Singapore M&A 4 of 4
Year: 2018 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-25 BluJay Solutions

Holland, Michigan, United States

BluJay Solutions is a provider of cloud-based, logistics execution platform. BluJay Solutions was founded in 1972 and is based in Holland, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-27 Innovent Biologics

Suzhou, China

Innovent Biologics is a biopharmaceutical company in China that develops, manufacture, and commercialize high-quality innovative medicines for the treatment of cancer and other major diseases. Innovent Biologics was founded in 2011 and is based in Suzhou, China.

Sell -
SELLER

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 296.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.


DEAL STATS #
Overall 175 of 277
Sector: Consumer Services M&A 1 of 6
Type: Add-on Acquisition M&A Deals 65 of 95
Country: Singapore M&A 2 of 3
Year: 2018 M&A 6 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-04 RefleXion

Hayward, California, United States

RefleXion is a medical device company developing a biology-guided radiotherapy (BgRT) system for cancer treatment. By leveraging Positron Emission Tomography (PET) in a novel way, RefleXion’s patented technology will allow tumors to continuously signal their location during treatment and potentially revolutionize radiotherapy. RefleXion was founded in 2009 and is based in Hayward, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-06 Healthium

Bengaluru, India

Healthium is a manufacturer and marketer of surgical and medical consumables including surgical sutures, staplers, suturing needles, other wound closure products, surgical gloves, urology products, and a range of minimally invasive solutions. Healthium was formed in 1992 and is based in Bengaluru, India.

Sell $300M