M&A Deal Summary |
|
|---|---|
| Date | 2020-04-02 |
| Target | 58.com |
| Sector | Internet Software and Services |
| Buyer(s) |
Ocean Link
General Atlantic |
| Sellers(s) |
General Atlantic
KKR Tencent Holdings |
| Deal Type | Going Private |
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| Category | Private Equity Firm |
|---|---|
| Founded | 2016 |
| PE ASSETS | 400M USD |
| Size | Middle-Market |
| Type | Sector Focused |
Ocean Link is a private equity firm focused on acquiring and investing in Chinese consumer, travel, media, and communications companies. The Firm looks to capitalize in the growth of Chinese tourism and other industries. Ocean Link was formed in 2016 and is headquartered in Shanghai.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 3 |
| Sector (Internet Software and Services) | 1 of 1 |
| Type (Going Private) | 1 of 2 |
| Country (China) | 1 of 2 |
| Year (2020) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-01-01 |
Ruby Hotels & Resorts
Munich, Germany Ruby Hotels & Resorts GmbH is a Europe-based hotel chain aimed at “lean luxury” travelers, who want top quality rooms but are less fussed about other amenities typically offered by five-star hotels. |
Buy | €6M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-06-21 |
51job
Shanghai, China 51job is a provider of integrated human resource services in China. With a comprehensive suite of HR solutions, 51job meets the needs of enterprises and job seekers through the entire talent management cycle, from initial recruitment to employee retention and career development. 51job was founded in 1998 and is based in Shanghai, China. |
Buy | $5.7B |
| Category | Growth Capital Firm |
|---|---|
| Founded | 1980 |
| PE ASSETS | 73.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in Greenwich, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 239 of 339 |
| Sector (Internet Software and Services) | 51 of 73 |
| Type (Going Private) | 3 of 7 |
| Country (China) | 24 of 29 |
| Year (2020) | 8 of 27 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-03-09 |
ControlExpert
Langenfeld, Germany ControlExpert develops multifaceted products and services for insurance companies, fleet operators, leasing firms, repair shops, car dealerships, automotive manufacturers, and motor vehicle experts. It links up all the parties involved in the claims and maintenance process and establishes an electronic, data-supported communication standard based on structured data. ControlExpert was formed in 2002 and is based in Langenfeld, Germany. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-04-09 |
Ding dong
Shanghai, China Ding Dong is a Chinese fresh food e-commerce platform. Ding dong was founded in 2017 and is based in Shanghai, China. |
Buy | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 1980 |
| PE ASSETS | 73.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in Greenwich, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 109 of 146 |
| Sector (Internet Software and Services) | 16 of 24 |
| Type (Going Private) | 1 of 1 |
| Country (China) | 9 of 14 |
| Year (2020) | 3 of 13 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-03-09 |
ControlExpert
Langenfeld, Germany ControlExpert develops multifaceted products and services for insurance companies, fleet operators, leasing firms, repair shops, car dealerships, automotive manufacturers, and motor vehicle experts. It links up all the parties involved in the claims and maintenance process and establishes an electronic, data-supported communication standard based on structured data. ControlExpert was formed in 2002 and is based in Langenfeld, Germany. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-04-09 |
Ding dong
Shanghai, China Ding Dong is a Chinese fresh food e-commerce platform. Ding dong was founded in 2017 and is based in Shanghai, China. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1976 |
| PE ASSETS | 510.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
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 | 141 of 204 |
| Sector (Internet Software and Services) | 8 of 17 |
| Type (Going Private) | 2 of 2 |
| Country (China) | 7 of 10 |
| Year (2020) | 6 of 16 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-04-02 |
Kilter Finance
London, United Kingdom Kilter Finance is a specialty finance company that provides flexible and innovative financing solutions to the financial services sector on a global basis. Kilter Finance was formed in 2019 and is based in London, United Kingdom. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-04-10 |
ACCIONA Energía Internacional
Alcobendas, Spain ACCIONA Energía Internacional is an international renewable energy generation business comprising 2.3 GW in 14 countries. AEI was created in 2014 and is based in Alcobendas, Spain. |
Sell | - |
| Category | Company |
|---|---|
| Founded | 1998 |
| Sector | Internet Software and Services |
| Employees | 104,787 |
| Revenue | 609.0B CNY (2023) |
Tencent is a provider of a comprehensive range of Internet and wireless value-added services. Through its various online platforms, including Instant Messaging QQ, web portal QQ.com, the QQ Game platform under Tencent Games, multi-media social networking service Qzone and wireless portal, Tencent services the largest online community in China and fulfills the user's needs for communication, information, entertainment and e-Commerce on the Internet. Tencent has three main streams of revenues: Internet value-added services, mobile and telecommunications value-added services and online advertising. Tencent Holdings was founded in 1998 and is based in Shenzhen, China.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 3 |
| Sector (Internet Software and Services) | 3 of 3 |
| Type (Going Private) | 1 of 1 |
| Country (China) | 2 of 2 |
| Year (2020) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-03-31 |
Universal Music Group
Santa Monica, California, United States Universal Music Group, Inc. is a provider of recorded music, music publishing, and merchandising services based in Santa Monica, California.. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-06-12 |
Bitauto Holdings
Beijing, China Bitauto Holdings Ltd. is a provider of internet content & marketing services, and transaction services for China's automotive industry. Bitauto's business consists of three segments: advertising and subscription business, transaction services business, and digital marketing solutions business. The company's advertising and subscription business provides a variety of advertising services to automakers through the bitauto.com website and corresponding mobile apps which provide consumers with up-to-date automobile pricing and promotional information, specifications, reviews, and consumer feedback. Bitauto also provides transaction-focused online advertisements and services for promotional activities to its business partners, including automakers, automobile dealers, auto finance partners, and insurance companies. Bitauto offers subscription services via its SaaS platform, which provides web-based and mobile-based integrated digital marketing solutions to new car automobile dealers in China. The SaaS platform enables automobile dealer subscribers to create their own online showrooms, list pricing, and promotional information, provide automobile dealer contact information, place advertisements and manage customer relationships to help them reach a broad set of purchase-minded customers and effectively market their automobiles to consumers online. Bitauto was founded in 2000 and is headquartered in Beijing, China. |
Buy | $1.1B |
