M&A Deal Summary

PAG Acquires Yingde Gases

On March 1, 2017, asset manager PAG acquired chemicals company Yingde Gases for 616M USD

Acquisition Highlights
  • This is PAG’s 1st transaction in the Chemicals sector.
  • This is PAG’s 4th largest (disclosed) transaction.
  • This is PAG’s 1st transaction in China.
Investment Fate
  • Yingde Gases merged with another company in 2021.

M&A Deal Summary

Date 2017-03-01
Target Yingde Gases
Sector Chemicals
Buyer(s) PAG
Deal Type Going Private
Deal Value 616M USD

Target

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.

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Buyer(S) 1

Buyer

PAG

Hong Kong, China

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 2002
PE ASSETS 55.0B 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 3 of 27
Sector: Chemicals M&A 1 of 3
Type: Going Private M&A Deals 1 of 1
Country: China M&A 1 of 11
Year: 2017 M&A 2 of 3
Size (of disclosed) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-08 Food Union

Riga, Latvia

Food Union is a provider of ice cream and other frozen treats to consumers in six European countries. Food Union is based in Riga, Latvia.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-21 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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