M&A Deal Summary

Tasman Capital Partners and GIC Acquire Serenitas

On May 29, 2018, private equity firm Tasman Capital Partners and sovereign wealth fund GIC acquired real estate company Serenitas

Acquisition Highlights
  • This is Tasman Capital Partners’ 1st and GIC’s 2nd transaction in the Real Estate sector.
  • This is Tasman Capital Partners’ 2nd and GIC’s 2nd transaction in Australia.

M&A Deal Summary
Date 2018-05-29
Target Serenitas
Sector Real Estate
Buyer(s) Tasman Capital Partners
GIC
Deal Type Joint Venture

Target

Serenitas

Sydney, Australia
Serenitas is an home estate operator that provides affordable living solutions to senior Australians. Serenitas offers residents a vibrant, community-focused lifestyle and peace of mind, knowing their home is secure. Serenitas was founded in 2018 and is based in Sydney, Australia.

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Buyer(S) 2

Buyer

Tasman Capital Partners

Sydney, Australia

Investor Investor Investor

Category Private Equity Firm
Founded 2008
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Tasman Capital Partners is an independent private equity firm specializing in turnaround, leverage buy-out & buy-in, expansion capital and public to private investments in Australia and New Zealand. Tasman focuses on mid-sized opportunities where it can commit A$10 to A$50 million in transactions valued up to A$200 million. Broad areas of interest include financial services, healthcare, logistics, defense, retail and outsource services. Tasman will not invest in real estate, mining, or startups. Tasman is based in Sydney.

DEAL STATS #
Overall 3 of 3
Sector (Real Estate) 1 of 1
Type (Joint Venture) 1 of 1
Country (Australia) 2 of 2
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-06 Hirequip

Auckland, New Zealand

Hirequip Ltd. is a dry-hire equipment rental business. It offers a wide range of rental equipment across the full spectrum of the construction sector via a national branch network. Hirequip was established in 1960 and is based in Auckland, New Zeland.

Sell -
Buyer

GIC

Investor Investor Investor Investor Investor

Category Sovereign Wealth Fund
Founded 1981
Size Mega
Type Sector Agnostic
DESCRIPTION

GIC Private Ltd. is the investment arm of Singapore. The Group primarily invests through three investment groups, including public markets, private equity and real estate. GIC's private equity practice looks to invest in funds as well as directly in companies. GIC is based in Singapore with additional offices globally.

DEAL STATS #
Overall 22 of 43
Sector (Real Estate) 2 of 2
Type (Joint Venture) 1 of 1
Country (Australia) 2 of 2
Year (2018) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-20 Oxford Nanopore Technologies

Oxford Science Park, United Kingdom

Oxford Nanopore Technologies is the developer of the world’s only portable, scalable, real-time DNA/RNA sequencer, with a customer base spanning over 70 countries. Oxford Nanopore Technologies aims to disrupt the paradigm of biological analysis. Our technology and commercial model has already opened up DNA analysis to researchers who previously had no direct access to sequencing technologies, freeing them up to perform analyses in their own labs or in the field, and in real time. Oxford Nanopore Technologies is based in Oxford Science Park, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-12 Biotrop

São Paulo, Brazil

Biotrop is an ag-tech focused on biologicals and natural sustainable solutions for agriculture. As the result of the dedication of a select group of professionals passionate about agribusiness, the company offers the most high-tech biological inputs to growers. Biotrop was founded in 2018 and is based in São Paulo, Brazil.

Buy -
Mergr

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