Investment Summary

Zhejiang Geely Holding Group and Sampo Invest In Saxo Bank

On October 2, 2017, Zhejiang Geely Holding Group and Sampo invested in financial services company Saxo Bank from TPG

Investment Highlights
  • This is Zhejiang Geely Holding Group’s 1st and Sampo’s 1st transaction in the Financial Services sector.
  • This is Zhejiang Geely Holding Group’s 1st and Sampo’s 1st transaction in Denmark.

Investment Summary

Date 2017-10-02
Target Saxo Bank
Sector Financial Services
Investor(s) Zhejiang Geely Holding Group
Sampo
Sellers(s) TPG
Deal Type Stake Purchase

Target

Saxo Bank

Copenhagen, Denmark
Saxo Bank is a provider of multi-asset electronic trading solutions for retail and institutional investors globally. Saxo Bank was formed in 1992 and is based in Copenhagen, Denmark.

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Investor(S) 2

Investor

Zhejiang Geely Holding Group

Hangzhou, China

Category Company
Founded 1986
Sector Automotive
Employees12,000
DESCRIPTION

Geely is a Chinese automotive manufacturing company headquartered in Hangzhou, China. Geely was formed in 1986 as a light manufacturer. In 2002, Geely began producing autos.


DEAL STATS #
Overall 3 of 4
Sector (Financial Services) 1 of 1
Type (Stake Purchase) 1 of 1
Country (Denmark) 1 of 1
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-28 Emerald Automotive

Hazelwood, Missouri, United States

Emerald Automotive LLC is an electric vehicle startup that desires to manufacture industrial vans in Hazelwood.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-01 Meizu

Guangdong, China

Meizu is a Chinese consumer consumer electronics manufacturer that designs and produces smartphones. Meizu was formed in 2003 and is based in Guangdong, China.

Buy -
Investor

Sampo

Helsinki, Finland

Category Company
Founded 1909
Sector Financial Services
Employees13,226
Revenue 8.8B EUR (2023)
DESCRIPTION

Sampo is made up of the parent company Sampo plc, If P&C Insurance, Mandatum Life and Topdanmark. Sampo has two associated companies, Nordea and Nordax. Sampo was founded in 1909 and is based in Helsinki, Finland.


DEAL STATS #
Overall 1 of 2
Sector (Financial Services) 1 of 2
Type (Stake Purchase) 1 of 2
Country (Denmark) 1 of 1
Year (2017) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-19 Bank Norwegian

Fornebu, Norway

Bank Norwegian is a fully digital bank that provides simple and competitive products to the retail customer market with a strong offering in personal loans, credit cards, and savings. Bank Norwegian was founded in 2007 and is based in Fornebu, Norway.

Buy -

Seller(S) 1

SELLER

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 137.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.


DEAL STATS #
Overall 166 of 267
Sector (Financial Services) 14 of 17
Type (Stake Purchase) 6 of 8
Country (Denmark) 1 of 1
Year (2017) 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-29 IASIS Healthcare

Franklin, Tennessee, United States

IASIS Healthcare Corp. is an owner and operator of medium-sized acute care hospitals in high-growth urban and suburban markets. Additionally, IASIS owns and operates a Medicaid managed health plan in Phoenix that serves over 108,000 members. IASIS Healthcare was formed in 1998 and is based in Franklin, Tennessee.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-13 Troon

Scottsdale, Arizona, United States

Troon is a golf and club-related leisure and hospitality services company, providing a variety of services at 620-plus locations around the globe, including managing 640-plus 18-hole equivalent golf courses. Troon was founded in 1990 and is based in Scottsdale, Arizona.

Buy -