M&A Deal Summary

The Carlyle Group Acquires Tongyi

On August 7, 2015, private equity firm The Carlyle Group acquired chemicals company Tongyi from Shell

Acquisition Highlights
  • This is The Carlyle Group’s 10th transaction in the Chemicals sector.
  • This is The Carlyle Group’s 55th transaction in China.

M&A Deal Summary

Date 2015-08-07
Target Tongyi
Sector Chemicals
Buyer(s) The Carlyle Group
Sellers(s) Shell
Deal Type Divestiture

Target

Tongyi

Beijing, China
Tongyi is an oil-lubricants business serving markets and customers throughout China. Tongyi was founded in 1993 and is based in Beijing, China.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 535 of 749
Sector: Chemicals M&A 10 of 13
Type: Divestiture M&A Deals 54 of 74
Country: China M&A 55 of 64
Year: 2015 M&A 25 of 41
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-01 Black Sea Oil & Gas

Bucharest, Romania

Black Sea Oil & Gas is an oil and gas exploration and production company focused on offshore Black Sea as well as onshore opportunities in Romania and the region. Black Sea Oil & Gas is based in Bucharest, Romania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-11 Veritas

Santa Clara, California, United States

Veritas is an information management systems provider offers storage and server management software solutions. Veritas was founded in 1982 and is based in Santa Clara, California.

Buy $8.0B

Seller(S) 1

SELLER

Shell

London, United Kingdom

Category Company
Founded 1907
Sector Oil/Gas Exploration
Employees96,000
Revenue 284.3B USD (2024)
DESCRIPTION

Shell is an Anglo–Dutch multinational oil and gas company. Shell was founded in 1907 and is based in London, United Kingdom.


DEAL STATS #
Overall 8 of 19
Sector: Chemicals M&A 2 of 2
Type: Divestiture M&A Deals 8 of 19
Country: China M&A 1 of 2
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-08 BG Group

Reading, United Kingdom

BG Group plc is an oil and gas company.

Buy £47.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-20 Shell Canada Energy - Oil & Gas Properties

British Columbia, Canada

Shell Canada Energy - Oil & Gas Properties includes 61,000 net acres in the Gundy area of Northeast British Columbia, Canada, and 145,000 net acres in the Deep Basin area of West Central Alberta, Canada. The assets are a combination of developed and undeveloped lands, along with related infrastructure, producing 24,850 barrels of oil equivalent per day (boe/d) of dry gas and liquids.

Sell $1.0B