Investment Summary

Sumitomo Equity Asia Invests In Onesight

On November 1, 2019, corporate investor Sumitomo Equity Asia invested in engineering company Onesight

Investment Highlights
  • This is Sumitomo Equity Asia’s 1st transaction in the Engineering sector.
  • This is Sumitomo Equity Asia’s 7th transaction in China.

Investment Summary

Date 2019-11-01
Target Onesight
Sector Engineering
Investor(s) Sumitomo Equity Asia
Deal Type Venture

Target

Onesight

Shanghai, China
Onesight provides integrate augmented reality, building information modeling, Internet of Things and AI technologies, focus on empowering the fields of architecture, engineering, and construction, sculpt extreme products, and build an open platform. Onesight was established in 2018 and is based in Shanghai, China.

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Investor(S) 1

Investor
DESCRIPTION

Sumitomo Corporation Equity Asia Limited (SCEA) is the Asian private equity arm of Japanese conglomerate Sumitomo. SCEA generally targets fast growing, small to mid-market companies from early to expansion stage. The Firm will also co-invest alongside other investors in larger buyout situations. SCEA will consider investing in high-tech sectors as well more traditional industries. Sectors of interest include wireless, semiconductors, internet services, IT, clean technology, manufacturing, automotive, distribution, logistics, and financial services. SCEA will not invest in privatization opportunities, biotech, capital intensive businesses, infrastructure, or real estate. SCEA was formed in 2002 and is based in Hong Kong.


DEAL STATS #
Overall 12 of 13
Sector: Engineering M&A 1 of 1
Type: Venture M&A Deals 8 of 8
Country: China M&A 7 of 7
Year: 2019 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-01 Immotor

Shenzhen, China

Immotor is a global development, production, and sales of the intelligent, portable, personal transport systems, with interactive and dynamic battery packs and programmable power sequences. Immotor was founded in 2015 and is based in Shenzhen, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-24 SuperFaction

Singapore, Singapore

SuperFaction provides a creative platform for digital advertising production primarily in markets in Europe and the United States. SuperFaction was founded in 2015 and is based in Singapore.

Buy -