Stake Purchase • Internet Software and Services

Silver Lake and Baidu Invest In Qunar.Com

On June 24, 2011, private equity firm Silver Lake and Baidu invested in internet software and services company Qunar.Com

Investment Context
  • This is Silver Lake’s 4th and Baidu’s 1st transaction in the Internet Software and Services sector.
  • This is Silver Lake’s 5th and Baidu’s 1st transaction in China.
Investment Fate
  • Qunar.Com merged with another company in 2017.

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Investment Summary

Date June 24, 2011
Target Qunar.Com
Sector Internet Software and Services
Investor(s) Silver Lake
Baidu
Deal Type Stake Purchase

Target Company

Qunar.Com

Beijing, China
Qunar.Com, Inc. provides information on flight tickets, hotels, packages, visas, and other travel services. Qunar.Com was founded in 2005 and is based in Beijing, China.
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Investors Overview 2

Investor

Silver Lake

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 104.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Silver Lake is a mega-sized private equity firm focused on a broad range of growth investments in and acquisitions of technology companies. Silver Lake is subdivided into several investing groups including Silver Lake Partners, Silver Lake Sumeru, Silver Lake Waterman, Silver Lake Alpine, and Silver Lake Kraftwerk. Silver Lake Partners pursues large-scale private investments in companies within the technology, tech-enabled and related growth industries. Silver Lake Sumeru invests in middle market technology companies with established business models and attractive growth prospects where there is an opportunity to create value through operational transformation. Silver Lake Waterman provides growth capital to later-stage companies in the technology and technology-enabled industries, offering flexible solutions to finance expansion and acquisitions. Silver Lake Alpine is Silver Lake's debt and credit investing arm. Silver Lake Kraftwerk provides growth capital to technology and tech-enabled businesses driving efficiency across the operations, energy, and resources industries. Silver Lake Partners was formed in 1999 is headquartered in Menlo Park, California.


Deal Context for Investor #
Overall 48 of 137
Sector: Internet Software and Services 4 of 21
Type: Stake Purchase 4 of 17
Country: China 5 of 6
Year: 2011 5 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-31 Virtu Financial

New York, New York, United States

Virtu Financial is an active market maker across all major financial centers including equities, fixed income, currencies, futures, energy products and other commodities. Virtu Financial was founded in 2008 and is based in New York, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-25 Airbnb

San Francisco, California, United States

Airbnb is a hospitality company that connects travelers with landlords in markets around the world. Airbnb was incorporated in 2007 and is based in San Francisco, California.

Buy -
Investor

Baidu

Beijing, China

Category Company
Founded 2000
Sector Internet Software and Services
Employees35,900
Revenue 133.1B CNY (2024)
DESCRIPTION

Baidu is a Chinese language Internet search provider. Baidu aims to provide a way for people to find whatever they're looking for. In addition to serving individual Internet search users, Baidu provides a platform for businesses to reach potential customers. Baidu was founded in 2000 and is based in Beijing, China.


Deal Context for Investor #
Overall 1 of 8
Sector: Internet Software and Services 1 of 4
Type: Stake Purchase 1 of 1
Country: China 1 of 5
Year: 2011 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-09-16 hao123.com

Beijing, China

hao123.com is a provider online web directory navigation services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-18 TrustGo Mobile

Santa Clara, California, United States

TrustGo Mobile, Inc. is a mobile security app to search, monitor, detect and prevent harmful apps and protect mobile devices.

Buy $30M