M&A Deal Summary

PAG Acquires Shanghai Xingyi Cinema Management

On September 27, 2023, asset manager PAG acquired media company Shanghai Xingyi Cinema Management from Seazen Group for 1.4B CNY

Acquisition Highlights
  • This is PAG’s 1st transaction in the Media sector.
  • This is PAG’s 4th largest (disclosed) transaction.
  • This is PAG’s 10th transaction in China.

M&A Deal Summary

Date 2023-09-27
Target Shanghai Xingyi Cinema Management
Sector Media
Buyer(s) PAG
Sellers(s) Seazen Group
Deal Type Divestiture
Deal Value 1.4B CNY

Target

Shanghai Xingyi Cinema Management

China
Shanghai Xingyi Cinema Management is an operator of cinema chains in China.

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Buyer(S) 1

Buyer

PAG

Hong Kong, China

Investor Investor Investor


Category Asset Manager
Founded 2002
PE ASSETS 30.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

PAG is a large independent alternative investment management group focused on private equity, real estate, and absolute returns. PAG’s private equity business, PAG Asia Capital or PAGAC, focuses on large-scale buyouts, control deals, and structured minority investments. PAG’s real estate strategy manages a series of real estate opportunity and core plus funds investing in properties in Japan, China and throughout Asia-Pacific. PAG’s absolute return business focuses on building long term relationships with its partners by offering a flexible range of financing solutions to meet short and long term funding needs. PAG was formed in 2002 and is headquartered in Hong Kong.


DEAL STATS #
Overall 24 of 25
Sector (Media) 1 of 1
Type (Divestiture) 5 of 5
Country (China) 10 of 11
Year (2023) 2 of 3
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-25 Australian Venue

Melbourne, Australia

Australian Venue Co. is a food and beverage-led hospitality group that owns and operates more than 210 pubs, bars, and event venues across Australia and New Zealand. Australian Venue Co. is based in Melbourne, Victoria.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-12 Zhuhai Wanda Commercial Management Group

Guangdong, China

Zhuhai Wanda Commercial Management Group is an operator of shopping malls by gross floor area. Zhuhai Wanda Commercial Management Group is based in Guangdong, China.

Buy -

Seller(S) 1

SELLER

Seazen Group

Shanghai, China

Category Company
Sector Real Estate
Employees20,602
Revenue 119.5B HKD (2023)
DESCRIPTION

Seazen Group engages in the investment, development, management, and sale of properties in China. It primarily develops and sells residential properties and mixed-use complexes, as well as provides commercial property management and other services. Seazen Group is headquartered in Shanghai, China.


DEAL STATS #
Overall 1 of 1
Sector (Media) 1 of 1
Type (Divestiture) 1 of 1
Country (China) 1 of 1
Year (2023) 1 of 1