M&A Deal Summary

PAG Acquires Zhenai.com

On November 21, 2017, asset manager PAG acquired internet software and services company Zhenai.com

Acquisition Highlights
  • This is PAG’s 1st transaction in the Internet Software and Services sector.
  • This is PAG’s 2nd transaction in China.

M&A Deal Summary

Date 2017-11-21
Target Zhenai.com
Sector Internet Software and Services
Buyer(s) PAG
Deal Type Buyout (LBO, MBO, MBI)

Target

Zhenai.com

Guangdong, China
Zhenai.com is an online dating and matchmaking business in China. Zhenai.com was founded in 2005 and is based in Guangdong, 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 4 of 26
Sector: Internet Software and Services M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 9
Country: China M&A 2 of 11
Year: 2017 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-01 Yingde Gases

Shanghai, China

Yingde Gases is a large-scale professional gas company dedicated to China's industrial development. Yingde Gases supply high-quality industrial gas products such as oxygen, nitrogen and argon by means of on-site pipeline and liquid gas supply. Yingde Gases was founded in 2001 and is based in Shanghai, China.

Buy $616M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-20 Shanghai Baosteel Gases

Shanghai, China

Shanghai Baosteel Gases is an industrial gas service provider in China. Shanghai Baosteel Gases was founded in 2008 and is based in Shanghai, China.

Buy -