M&A Deal Summary

Trustar Capital Acquires TCL

On March 1, 2019, private equity firm Trustar Capital acquired consumer products company TCL

Acquisition Highlights
  • This is Trustar Capital’s 4th transaction in the Consumer Products sector.
  • This is Trustar Capital’s 21st transaction in China.

M&A Deal Summary

Date 2019-03-01
Target TCL
Sector Consumer Products
Buyer(s) Trustar Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

TCL

Shenzhen, China
TCL is an enterprise of consumer electronics on a global scale. TCL’s major consumer products include color TVs, mobile phones, air conditioners, refrigerators, washing machines, and small appliances, etc. TCL was founded in 1981 and is based in Shenzhen, China.

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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 48 of 64
Sector: Consumer Products M&A 4 of 6
Type: Buyout (LBO, MBO, MBI) M&A Deals 21 of 24
Country: China M&A 21 of 31
Year: 2019 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-15 Amoy Food

Hong Kong, China

Amoy Food is a household brand for Asian foods in global Chinese community with long history of seasonings/sauces and frozen food market. Amoy Food serves both foodservice and retail customers across over 40 countries with deep roots in Hong Kong, the U.S., Mainland China, and Europe. Amoy Food was founded in 1908 and is based in Hong Kong, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-29 eBeauty

Hangzhou, China

eBeauty is a digital marketing and e-commerce service provider focusing on the beauty and personal care sector. eBeauty was founded in 2010 and is based in Hangzhou, China.

Buy -