M&A Deal Summary

Trustar Capital Acquires Luye Pharma

On March 5, 2012, private equity firm Trustar Capital acquired life science company Luye Pharma from MBK Partners for 140M USD

Acquisition Highlights
  • This is Trustar Capital’s 2nd transaction in the Life Science sector.
  • This is Trustar Capital’s 7th largest (disclosed) transaction.
  • This is Trustar Capital’s 1st transaction in Singapore.

M&A Deal Summary

Date 2012-03-05
Target Luye Pharma
Sector Life Science
Buyer(s) Trustar Capital
Sellers(s) MBK Partners
Deal Type Secondary Buyout
Deal Value 140M USD

Target

Luye Pharma

Singapore, Singapore
Luye Pharma is a Chinese specialty pharmaceutical company focusing on drug-delivery systems. The Company engages in the development, manufacturing and sale of patented prescription medicines in oncology, cardiovascular, orthopedics, neurology and gastrointestinal fields. Luye Pharma was founded in 1994 and is based in Singapore.

Search 214,239 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

Trustar Capital

Hong Kong, China

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1978
PE ASSETS 8.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Trustar Capital is the private equity arm of financial services/asset manager CITIC Group. Trustar Capital separates its private equity investment activity into three groups; China, Japan, and the US. In general, Trustar looks to invest in companies with 'strong franchises', with established brands and high barriers to entry. For US-based opportunities, the firm looks to leverage its connections in China. Broad areas of interest include niche manufacturing, consumer products, and business services. The Firm does not invest in start-ups or distressed businesses. Trustar Capital is based in Hong Kong.


DEAL STATS #
Overall 14 of 64
Sector: Life Science M&A 2 of 4
Type: Secondary Buyout M&A Deals 4 of 12
Country: Singapore M&A 1 of 4
Year: 2012 M&A 1 of 5
Size (of disclosed) 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-22 Gerber Technology

Tolland, Connecticut, United States

Gerber Technology, Inc. is a provider of sophisticated hardware and software systems to automate and more effectively manage the product design and manufacturing process. Gerber Technology, Inc. was founded in 1968 and is based in Tolland, Connecticut.

Buy $283M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-17 Colson Group

Oakbrook Terrace, Illinois, United States

Colson Group designs manufacture and distributes casters, wheels, and related hardware products. Colson’s products comprise a wide range of casters and wheels, including light-duty, medium-duty, heavy-duty, and super heavy duty used in industrial, commercial, and institutional applications. Colson Group is based in Oakbrook Terrace, Illinois.

Buy -

Seller(S) 1

SELLER

MBK Partners

Hong Kong, China

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 30.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

MBK Partners is a private equity firm focused on opportunities throughout Northern Asia (Korea, Japan, China, and Taiwan). MBK specializes in a variety of transactions, including management buy-outs, corporate divestitures, take privates, and add-on acquisitions and will consider both majority and minority positions. Sectors of interest include telecommunication/media, financial services, heavy industrials, consumer, pharmaceuticals, and business services. MBK Partners was formed in 2005 and is based in Hong Kong. The Firm has additional offices in Seoul, Tokyo, and Shanghai.


DEAL STATS #
Overall 4 of 21
Sector: Life Science M&A 1 of 1
Type: Secondary Buyout M&A Deals 3 of 5
Country: Singapore M&A 1 of 1
Year: 2012 M&A 1 of 2
Size (of disclosed) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-15 New China Life Insurance

Beijing, China

New China Life Insurance (“NCI”) is a life insurance company in China, with 8.9% share of the China life insurance market in 2010. NCI offers individual life, annuities, health and accident, investment-linked products and group policies. New China Life Insurance (“NCI”) was founded in 1996 and is based in Beijing, china.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-01 LOTTE rental

Seoul, South Korea

LOTTE Rental is a car rental company, with over 58,000 rental cars in operation. KT Rental is Hertz Rent-a-car’s exclusive Korean partner and rents cars to corporate and individual customers through 139 branches and sales offices nationwide, covering all the major cities and tourist destinations. LOTTE rental was founded in 1986 and is based in Seoul, South Korea.

Sell -