M&A Deal Summary

Warburg Pincus and VNET Group Acquire Taiji Data

On January 1, 2017, private equity firm Warburg Pincus and VNET Group acquired information technology company Taiji Data

Acquisition Highlights
  • This is Warburg Pincus’ 17th and VNET Group’s 1st transaction in the Information Technology sector.
  • This is Warburg Pincus’ 47th and VNET Group’s 6th transaction in China.

M&A Deal Summary

Date 2017-01-01
Target Taiji Data
Sector Information Technology
Buyer(s) Warburg Pincus
VNET Group
Deal Type Joint Venture

Target

Taiji Data

China
Taiji Data is a carrier-neutral data center operator based in China. The goal of Taiji is to capitalize on the rapid growth in China’s data center sector and to create a leading wholesale data center platform (the Digital Realty of China) through greenfield developments, brownfield conversions and acquisitions in Tier 1 cities and surrounding areas, as well as in select Tier 2 cities in China.

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Buyer(S) 2

Buyer

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.


DEAL STATS #
Overall 329 of 493
Sector: Information Technology M&A 17 of 44
Type: Joint Venture M&A Deals 3 of 4
Country: China M&A 47 of 68
Year: 2017 M&A 6 of 28
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 Jinxin Fertility

Chengdu, China

Jinxin Fertility is an international professional services organization in the field of assisted reproductive technology. The company builds a multidisciplinary and cross-regional reproductive health service system with advanced Gynecology and Obstetrics technology. Jinxin Fertility was founded in 1951 and is based in Chengdu, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-20 Accriva Diagnostics

San Diego, California, United States

Accriva Diagnostics is a leader in hemostasis management and POC testing. Accriva develops, manufactures, and markets: Hemochron® and ProTime® POC coagulation systems; IRMA TruPoint® Blood Gas and Electrolyte systems; Avoximeter® CO-Oximetry systems; and Tenderfoot®, Tenderlett® and Surgicutt® skin incision products.

Sell -
Buyer

VNET Group

Beijing, China

Category Company
Founded 1996
Sector Internet Software and Services
Employees2,581
Revenue 8.3B CNY (2024)
DESCRIPTION

VNET Group is a provider of internet data center services. VNET Group provides hosting and related services, managed network services and cloud computing infrastructure services, improving the reliability, security and speed of its customers' Internet connections through 21Vianet's Internet infrastructure. VNET Group was founded in 1996 and is based in Beijing, China.


DEAL STATS #
Overall 7 of 7
Sector: Information Technology M&A 1 of 1
Type: Joint Venture M&A Deals 1 of 1
Country: China M&A 6 of 6
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-11 Dermot Holdings

United States

Dermot Holdings Ltd. is a provider of communication services.

Buy -