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M&A Deal Summary

Permira Acquires Full Truck Alliance

On November 20, 2020, private equity firm Permira acquired internet software and services company Full Truck Alliance

Acquisition Highlights
  • This is Permira’s 12th transaction in the Internet Software and Services sector.
  • This is Permira’s 4th transaction in China.

M&A Deal Summary
Date 2020-11-20
Target Full Truck Alliance
Sector Internet Software and Services
Buyer(s) Permira
Deal Type Buyout (LBO, MBO, MBI)

Target

Full Truck Alliance

Jiangsu, China
Full Truck Alliance is an online commercial freight platform in China in the full-truck-load (FTL) segment. Its mobile applications provide match-making services to shippers, third-party logistics providers and truck drivers in China’s road freight logistics market, improving transportation efficiency by reducing transaction costs and the number of empty return loads. Full Truck Alliance was founded in 2017 and is based in Jiangsu, China.

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Buyer(S) 1

Buyer

Permira

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1985
PE ASSETS 75.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Permira is a mega-sized private equity firm that targets large company investments around the world. Permira invests to support acquisitions, leveraged buyouts, take-privates, turnarounds, and growth buyouts. Areas of interest include healthcare, financial services, chemicals, consumer products and services, industrial products and services, technology, media, and telecom. Permira will consider opportunities in Europe, Asia, and North America. Permira was formed in 1985 and has offices in Menlo Park, Frankfurt, Luxembourg, London, Hong Kong, Madrid, Milan, Paris, Stockholm, Tokyo, Guernsey and New York City.

DEAL STATS #
Overall 140 of 162
Sector: Internet Software and Services M&A 12 of 19
Type: Buyout (LBO, MBO, MBI) M&A Deals 52 of 53
Country: China M&A 4 of 4
Year: 2020 M&A 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-12 Allegro

Poznan, Poland

Allegro is an online marketplace in Poland that connects consumers with merchants. With more than 20 million users per month, 13 million active buyers and 125,000 merchants. Allegro offers consumers a vibrant and expansive shopping experience, and merchants excellent commercial opportunities. The group also operates Ceneo.pl - Poland’s leading online price comparison website, and eBilet – the leading event ticket sales site in Poland. Allegro was founded in 1999 and is based in Poznan, Poland.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-29 Boats Group

Miami, Florida, United States

Boats Group is an online classifieds marketplace and technology provider for the recreational marine industry and operates the four web portals – BoatTrader, boats.com, YachtWorld, and CosasDeBarcos.com. Boats Group has offices in North America (Norfolk, Virginia and Vancouver, British Columbia) as well as in Europe (the United Kingdom, Spain & Italy). Boats Group was founded in 1999 and is based in Miami, Florida.

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