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M&A Deal Summary

The Blackstone Group Acquires Global Sources

On August 28, 2017, private equity firm The Blackstone Group acquired e-commerce company Global Sources

Acquisition Highlights
  • This is The Blackstone Group’s 1st transaction in the E-Commerce sector.
  • This is The Blackstone Group’s 7th transaction in China.

M&A Deal Summary
Date 2017-08-28
Target Global Sources
Sector E-Commerce
Buyer(s) The Blackstone Group
Deal Type Going Private
Advisor(s) Cleary Gottlieb Steen & Hamilton
Appleby Global (Legal)

Target

Global Sources

Hong Kong, China
Global Sources is a business-to-business media company and a primary facilitator of trade with Greater China. The core business facilitates trade between Asia and the world using English-language media such as online marketplaces (GlobalSources.com), trade shows, magazines, and apps. More than 1.4 million international buyers, including 95 of the world's top 100 retailers, use these services to obtain product and company information to help them source more profitably from overseas supply markets. These services also provide suppliers with integrated marketing solutions to build corporate image, generate sales leads, and win orders from buyers in more than 240 countries and territories. Global Sources was founded in 1970 and is based in Hong Kong City.

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Buyer(S) 1

Buyer

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York, New York.

DEAL STATS #
Overall 228 of 348
Sector (E-Commerce) 1 of 1
Type (Going Private) 21 of 36
Country (China) 7 of 9
Year (2017) 14 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-28 RedOwl Analytics

Baltimore, Maryland, United States

RedOwl Analytics LLC is a cutting-edge analytical solution to security, compliance, and investigative use cases. RedOwl’s flagship product, Reveal, provides immediate value to forward-leaning organizations that understand the massive potential of their untapped internal data sources in improving oversight and reducing risk. RedOwl Analytics LLC was established in 2011 and is based in Baltimore, Maryland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-21 Schenck Process

Darmstadt, Germany

Schenck Process is a provider of solutions in measuring and process technologies in industrial weighing, feeding, screening and automation. Schenck develops, manufactures and markets a full range of solutions, products and turnkey systems on the basis of combining process engineering expertise, reliable components and field-proven technology. Schenck Process was founded in 1881 and is based in Darmstadt, Germany.

Buy -
Mergr

Product

Company

Legal