Investment Summary

Verlinvest, General Atlantic, Sofina and Tencent Holdings Invest In BYJU S

On March 22, 2016, family office Verlinvest, growth capital firm General Atlantic, private equity firm Sofina and Tencent Holdings invested in education company BYJU S

Investment Highlights
  • This is Verlinvest’s 1st, General Atlantic’s 2nd, Sofina’s 1st and Tencent Holdings’ 1st transaction in the Education sector.
  • This is Verlinvest’s 3rd, General Atlantic’s 14th, Sofina’s 2nd and Tencent Holdings’ 1st transaction in India.

Investment Summary

Date 2016-03-22
Target BYJU S
Sector Education
Investor(s) Verlinvest
General Atlantic
Sofina
Tencent Holdings
Deal Type Growth Capital

Target

BYJU S

Bengaluru, India
BYJU'S is an educational software company developing online learning solutions for K3, K10, K12, NEET, JEE, UPSC & Bank Exams. BYJU'S was established in 2008 and is headquartered in Bengaluru, India.

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Investor(S) 4

Investor

Verlinvest

Brussels, Belgium

Investor Investor Investor Investor Investor


Category Family Office
Founded 1995
PE ASSETS 1.8B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Verlinvestis a private, family-owned investment holding firm specializing in branded consumer products and services investments. The Firm will consider investments in public and private companies and generally targets growth-oriented businesses addressing sizeable markets. Verlinvest looks to invest €20 to €200 million per investment and will consider both majority and minority positions. Verlinvest was formed in 1995 and is based in Brussels, Belgium.


DEAL STATS #
Overall 23 of 46
Sector (Education) 1 of 3
Type (Growth Capital) 6 of 20
Country (India) 3 of 10
Year (2016) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 Leblon

New York, United States

Leblon is a spirits company that markets and distributes premium Brazilian Cachaça, mostly in the US though increasingly in Brazil and Europe. Cachaça (pronounced: ka-shah-sa), the national spirit of Brazil, is produced from sugar cane and is the third most consumed spirit globally, predominantly in Caipirinhas (pronounced kai-pur-EEN-ya) – a refreshing cocktail made with muddled limes, sugar, ice & Cachaça. Leblon was founded in 2005 and is based in New York City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-12 Lazada South East Asia Pte.

Ho Chi Minh City, Vietnam

Lazada South East Asia Pte. Ltd. is an online department store, with operations in Indonesia, Malaysia, Philippines, Thailand and Vietnam. The company has a broad product offering in categories ranging from consumer electronics to household goods, toys and sports equipment.

Sell $1.0B
Investor

General Atlantic

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1980
PE ASSETS 73.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 156 of 340
Sector (Education) 2 of 6
Type (Growth Capital) 68 of 128
Country (India) 14 of 24
Year (2016) 4 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-04 Zimmermann

Rosebery, Australia

Zimmermann is a global luxury fashion brand that designs and sells iconic Ready-To-Wear and Swim & Resort collections through its online platform and own retail stores, as well as select department stores, boutiques, and online fashion retailers. Zimmermann was founded in 1991 and is based in Rosebery, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-14 Flipp

Toronto, Ontario, Canada

Flipp is a mobile consumer marketplace that is reinventing the weekly shopping experience. The Flipp app is a go-to destination for millions of consumers to access digital circulars from over 800 retailers, equaling over 140,000 store fronts to help plan weekly shopping and find the best local deals. Flipp was founded in 2007 and is based in Toronto, Ontario.

Buy -
Investor
DESCRIPTION

Sofina SA is a family controlled, publicly traded investment firm focused on making long-term, direct minority investments in leading companies, investing in third party growth and venture funds, and providing equity investments in fast growing companies. The Firm's direct investment group will consider opportunities throughout Europe where it can commit €100 to €300 million per transaction in companies valued up to €4.5 billion. Sofina SA dates back to 1898 and is headquartered in Brussels.


DEAL STATS #
Overall 17 of 31
Sector (Education) 1 of 3
Type (Growth Capital) 4 of 13
Country (India) 2 of 5
Year (2016) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 ACT Fibernet

Bengaluru, India

ACT Fibernet is one of the largest wired ISPs (Internet Service Providers) that has operations in 19 cities with more than 1.9 million customers. ACT Fibernet is known for its cutting-edge technology and high-speed broadband connectivity that the company provides to its customers. ACT Fibernet was founded in 2000 and is headquartered in Bengaluru, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-15 Privalia Venta Directa S.L.

Barcelona, Spain

Privalia Venta Directa S.L. is an online marketplace for clothes and other accessories. Privalia Venta Directa was established in 2006 and is headquartered in Barcelona, Spain.

Sell -
Investor

Tencent Holdings

Shenzhen, China

Category Company
Founded 1998
Sector Internet Software and Services
Employees104,787
Revenue 609.0B CNY (2023)
DESCRIPTION

Tencent is a provider of a comprehensive range of Internet and wireless value-added services. Through its various online platforms, including Instant Messaging QQ, web portal QQ.com, the QQ Game platform under Tencent Games, multi-media social networking service Qzone and wireless portal, Tencent services the largest online community in China and fulfills the user's needs for communication, information, entertainment and e-Commerce on the Internet. Tencent has three main streams of revenues: Internet value-added services, mobile and telecommunications value-added services and online advertising. Tencent Holdings was founded in 1998 and is based in Shenzhen, China.


DEAL STATS #
Overall 6 of 14
Sector (Education) 1 of 1
Type (Growth Capital) 1 of 2
Country (India) 1 of 1
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-22 eLong

Beijing, China

eLong is an online travel planning and hotel booking site in China. Users can book flights online, reserve hotels, cars and vacation packages.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-21 Supercell Oy

Helsinki, Finland

Supercell is a mobile game company headquartered in Finland. Their two game apps, Clash of Clans and Hay Day, reached the top position in “Top Grossing” ranking of Apple’s App Store in 137 countries and 96 countries, respectively. From February 2013 to August 2013, Supercell was the No.1 publisher in the world among the apps in the Games category of the App Store. The Finnish company has become the one of the leading proponents of ‘freemium games’, which cost nothing to buy but players spend money to speed up the action.

Buy -