M&A Deal Summary

Standard Chartered Private Equity Acquires Travel Boutique Online

On July 18, 2018, Standard Chartered Private Equity acquired leisure company Travel Boutique Online from Naspers

Acquisition Highlights
  • This is Standard Chartered Private Equity’s 1st transaction in the Leisure sector.
  • This is Standard Chartered Private Equity’s 5th transaction in India.
Investment Fate
  • Travel Boutique Online was sold to a financial buyer in 2018.

M&A Deal Summary

Date 2018-07-18
Target Travel Boutique Online
Sector Leisure
Buyer(s) Standard Chartered Private Equity
Sellers(s) Naspers
Deal Type Divestiture

Target

Travel Boutique Online

Gurgaon, India
Travel Boutique Online is an online B2B travel distribution company. Travel Boutique Online was founded in 2006 and is based in Gurgaon, India.

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Buyer(S) 1

DESCRIPTION

Standard Chartered Principal Finance (SCPF) is the alternative asset investment arm of international bank Standard Chartered. SCPF is split into four segments. These include Corporate Private Equity, Real Estate, Infrastructure, and Alternative Investments. SCPF's Corporate Private Equity Group invests across a range of mid to late stage companies in a variety of sectors throughout the Middle East, Asia, and Africa. The Group looks for businesses with motivated management, sustainable business models, and a track record of strong cash-flows. The segment seeks to invest $25 to $100 million to fund expansion needs or management buyouts. SCPF's Real Estate Group targets real estate opportunities in Asia, Africa and the Middle East, with a primary focus on China, India, Singapore, Hong Kong, Korea and Taiwan. The Real Estate Group will consider equity or mezzanine investments in existing assets, as well as development projects and corporate level investments in real estate owners or developers. SCPF's Infrastructure unit focuses on Chinese or Indian assets across transportation, energy, power, water, environment, telecom and urban infrastructure. SCPF's Alternative Investments practice targets distressed and high-yield opportunities. Standard Chartered Principal Finance is based in Singapore, with additional offices around the world.


DEAL STATS #
Overall 15 of 15
Sector: Leisure M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: India M&A 5 of 5
Year: 2018 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-18 Tat Hong

Singapore, Singapore

Tat Hong is a crane distributor and operator across the region, with a primary focus in ASEAN, China and Australia. The company's cranes are used primarily in heavy construction projects, such as infrastructure and industrial construction. In addition to leasing, the company provides related services, including heavy lift engineering and execution, project management and equipment installation. Tat Hong was formed in 1970 and is based in Singapore.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-17 Omni Centre

Singapore, Singapore

Omni Centre, a new electronics retail company owns and operates 60 electronic retail stores in Singapore.

Sell -

Seller(S) 1

SELLER

Naspers

Cape Town, South Africa

Category Company
Founded 1915
Sector Media
Employees27,010
Revenue 7.2B USD (2025)
DESCRIPTION

Naspers is a multinational media company with principal operations in electronic and print media. Naspers was founded in 1915 and is based in Cape Town, South Africa.


DEAL STATS #
Overall 7 of 8
Sector: Leisure M&A 1 of 1
Type: Divestiture M&A Deals 6 of 6
Country: India M&A 4 of 4
Year: 2018 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-09 Flipkart

Bengaluru, India

Flipkart is an e-commerce destination and offers a wide range of product categories including electronics, household items, and apparel to customers across India. Flipkart was established in 2007 and is headquartered in Bengaluru.

Sell $16.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-11 Prosus

Amsterdam, Netherlands

Prosus is a global consumer internet group and a technology investor that operates consumer internet businesses, particularly focused on online classifieds, payments and fintech, and food delivery in markets including India, Russia and Brazil. Its ventures arm pursues new growth opportunities with investments in edtech and health, among others. Prosus was founded in 1994 and is based in Amsterdam, Netherlands.

Sell -