Investment Summary

PAG and Trustar Capital Invest In Zhuhai Wanda Commercial Management Group

On January 1, 2021, asset manager PAG and private equity firm Trustar Capital invested in business services company Zhuhai Wanda Commercial Management Group

Investment Highlights
  • This is PAG’s 1st and Trustar Capital’s 7th transaction in the Business Services sector.
  • This is PAG’s 5th and Trustar Capital’s 24th transaction in China.

Investment Summary

Date 2021-01-01
Target Zhuhai Wanda Commercial Management Group
Sector Business Services
Investor(s) PAG
Trustar Capital
Deal Type Stake Purchase

Target

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.

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Investor(S) 2

Investor

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 10 of 26
Sector: Business Services M&A 1 of 2
Type: Stake Purchase M&A Deals 2 of 4
Country: China M&A 5 of 11
Year: 2021 M&A 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 Mobvista

Singapore, Singapore

Mobvista is a mobile advertising company that operates a worldwide mobile ad network, receiving more than 10 billion daily impressions from integrated ad spots and websites across more than 240 countries. Mobvista was founded in 2013 and is headquartered in Singapore, Singapore.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-03 Unispace

Sydney, Australia

Unispace is a global workplace strategy, design, and construction firm that creates workplaces powered by collaborative client partnerships, delivered seamlessly across borders, and enabled by industry-leading intelligence and technology. Unispace was founded in 2010 and is based in Sydney, New South Wales.

Buy -
Investor

Trustar Capital

Hong Kong, China

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1978
PE ASSETS 8.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Trustar Capital is the private equity arm of financial services/asset manager CITIC Group. Trustar Capital separates its private equity investment activity into three groups; China, Japan, and the US. In general, Trustar looks to invest in companies with 'strong franchises', with established brands and high barriers to entry. For US-based opportunities, the firm looks to leverage its connections in China. Broad areas of interest include niche manufacturing, consumer products, and business services. The Firm does not invest in start-ups or distressed businesses. Trustar Capital is based in Hong Kong.


DEAL STATS #
Overall 53 of 64
Sector: Business Services M&A 7 of 8
Type: Stake Purchase M&A Deals 5 of 6
Country: China M&A 24 of 31
Year: 2021 M&A 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-16 ISI Markets

London, United Kingdom

ISI Markets is a provider of data, analysis, and research for the world's fastest-growing and highest potential countries. It aggregates unstructured, hard-to-obtain information from local and international sources, and validates and curates it into standardized, methodologically consistent, and editable content. The products are trusted tools used by a large and diversified customer base made up of blue-chip financial institutions, multinationals, consultants, and researchers worldwide and are available in over 15 languages. ISI operates a subscription model, providing customers with business-critical emerging markets research, leveraging real-time macroeconomic, business, and industry intelligence across multiple use cases. ISI Markets was formed in 1992 and is based in London, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-11 Max-Inf

Ningbo, China

Max-Inf is a brand operator and manufacturer in safety technology specializes in innovative car seats, strollers, travel systems, and other baby care related products. Max-Inf was founded in 1998 and is based in Ningbo, China.

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