M&A Deal Summary

RRJ Acquires gategroup

On April 3, 2019, private equity firm RRJ acquired business services company gategroup from HNA Group

Acquisition Highlights
  • This is RRJ’s 1st transaction in the Business Services sector.
  • This is RRJ’s 1st transaction in Switzerland.

M&A Deal Summary
Date 2019-04-03
Target gategroup
Sector Business Services
Buyer(s) RRJ
Sellers(s) HNA Group
Deal Type Divestiture

Target

gategroup

Zurich, Switzerland
gategroup is an independent provider of products, services, and solutions related to a passenger’s onboard experience. gategroup specializes in catering and hospitality, provisioning and logistics; and onboard products and services to companies that serve people on the move. gategroup was formed in 2008 and is based in Zurich, Switzerland.

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Buyer(S) 1

Buyer

RRJ

Category Private Equity Firm
Founded 2011
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

RRJ Capital is a large private equity firm focused on opportunities in China and Southeast Asia. The Firm predominantly targets growth capital investments as well as state-owned enterprise investments. RRJ Capital was established n 2011 and is headquartered in Hong Kong.

DEAL STATS #
Overall 2 of 2
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
Country (Switzerland) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-29 Jing King

China

Jing King producers of smart cards serving mobile telephone and financial services industries. Jing King is based in China.

Buy -

Seller(S) 1

SELLER

HNA Group

Haikou, China
Category Company
Founded 2000
Sector Diversified
Employees180,000
Revenue 25.0B USD (2014)
DESCRIPTION

HNA Group Co. Ltd. is a conglomerate encompassing core divisions of aviation, holdings, capital, tourism and logistics.

DEAL STATS #
Overall 2 of 3
Sector (Business Services) 2 of 2
Type (Divestiture) 2 of 3
Country (Switzerland) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-07 TIP Trailer Services Management B.V.

Amsterdam, Netherlands

TIP Trailer Services Management B.V. is specializes in trailer leasing, rental, maintenance and repair, as well as other value-added services and provide these to transportation and logistics customers across Europe and Canada. TIP Trailer Services was founded in 1957 and is based in Amsterdam, Netherlands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-09 Ingram Micro

Irvine, California, United States

Ingram Micro is a wholesale technology distributor and a global provider of IT supply-chain, mobile device lifecycle services, and logistics solutions. Ingram Micro distributes and markets a large variety of technology and mobility products from companies such as Acer, Apple, Cisco, Citrix, Hewlett-Packard, IBM, Lenovo, Microsoft, Samsung, Symantec, VMware, and others. Ingram Micro was founded in 1979 and is based in Irvine, California.

Sell $7.2B
Mergr

Product

Company

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