M&A Deal Summary

Suntech Power Holdings Acquires Shunda Holdings

On May 27, 2008, Suntech Power Holdings acquired semiconductors company Shunda Holdings from Actis Capital for 99M USD

Acquisition Highlights
  • This is Suntech Power Holdings’ 1st transaction in the Semiconductors sector.
  • This is Suntech Power Holdings’ largest (disclosed) transaction.
  • This is Suntech Power Holdings’ 1st transaction in China.

M&A Deal Summary
Date 2008-05-27
Target Shunda Holdings
Sector Semiconductors
Buyer(s) Suntech Power Holdings
Sellers(s) Actis Capital
Deal Type Add-on Acquisition
Deal Value 99M USD

Target

Shunda Holdings

Yangzhou, China
Shunda Holdings is a manufacturer of mono-crystalline silicon (mono-si) ingots and wafers used in the production of solar cells and modules. It is now one of China's top four manufacturers of mono-si ingots and wafers.

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Buyer(S) 1

Buyer

Suntech Power Holdings

Wuxi, China
Category Company
Founded 2001
Sector Electrical Equipment
Employees17,693
Revenue 3.1B USD (2011)
DESCRIPTION

Suntech Power Holdings Co. Ltd. specializes in research and development, design, manufacture, and sale of photovoltaic (PV) cells, modules, and systems. Suntech Power Holdings was founded in 2001 and is based in Wuxi, China.

DEAL STATS #
Overall 1 of 1
Sector (Semiconductors) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (China) 1 of 1
Year (2008) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Actis Capital

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 24.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Actis Capital is a private equity firm focused on investments in emerging markets. Actis segments its investment activity into three areas. These include private equity, energy, and real estate. Actis' private equity team looks for buyout and growth capital opportunities requiring at least $50 million in financing. Depending on the situation, Actis will consider both controlling and minority investment situations. Sectors of interest include financial services, consumer and retail, business services, and industrial. Actis' energy group seeks to invest in in a variety of energy and utility projects. Actis' real estate team invests equity capital in office, residential, industrial, hotel and retail projects. Actis Capital was established in 2004 and is based in London.

DEAL STATS #
Overall 16 of 81
Sector (Semiconductors) 1 of 1
Type (Add-on Acquisition) 7 of 41
Country (China) 3 of 12
Year (2008) 2 of 4
Size (of disclosed) 14 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-01 Ortel Communications

Bhubaneswar, India

Ortel Communications is a cable and broadband access network operator and service provider considered to be one of India’s top Multiple Systems Operators (MSOs). Ortel Communications was founded in 1999 and is based in Bhubaneswar, India.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-01 ACTOM

Boksburg, South Africa

ACTOM is the largest manufacturer, solution provider, repairer, maintainer, and distributor of electro-mechanical equipment in Africa, offering a winning and balanced combination of manufacturing, service, repairs, maintenance, projects, and distribution through its 33 outlets throughout Sub-Saharan Africa.

Buy -
Mergr

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