M&A Deal Summary

Trustar Capital Acquires AsiaInfo Technologies

On May 13, 2013, private equity firm Trustar Capital acquired software company AsiaInfo Technologies from ChinaVest for 890M USD

Acquisition Highlights
  • This is Trustar Capital’s 1st transaction in the Software sector.
  • This is Trustar Capital’s 3rd largest (disclosed) transaction.
  • This is Trustar Capital’s 6th transaction in China.
Investment Fate
  • AsiaInfo Technologies went public in 2018.

M&A Deal Summary

Date 2013-05-13
Target AsiaInfo Technologies
Sector Software
Buyer(s) Trustar Capital
Sellers(s) ChinaVest
Deal Type Going Private
Deal Value 890M USD

Target

AsiaInfo Technologies

Beijing, China
website
AsiaInfo Technologies is an innovative provider of software and IT services to the telecommunications industry. Incorporating advanced technologies like Cloud and Big Data, company software enables telecom operators to gain a competitive edge. AsiaInfo Technologies was founded in 1993 and is based in Beijing, China.

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Buyer(S) 1

Buyer

Trustar Capital

Hong Kong, China

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1978
PE ASSETS 7.7B 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 19 of 52
Sector (Software) 1 of 1
Type (Going Private) 3 of 4
Country (China) 6 of 22
Year (2013) 1 of 3
Size (of disclosed) 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-23 RAE Systems

San Jose, California, United States

RAE Systems, Inc. is a provider of rapidly deployable, connected and intelligent gas, volatile organic compounds (VOCs) and radiation-detection systems that enable real-time safety- and security-threat detection.

Sell $340M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-19 S.F. Express

Shenzhen, China

S.F. Express is a privately run express delivery services company in China, providing domestic and international delivery solutions to a wide array of domestic and international partners. It has built an extensive business unit covering research and development, logistics, pickup & delivery network, etc. which spans the nation (including Hong Kong, Macau, and Taiwan). S.F. Express was founded in 1993 and is based in Shenzhen, China.

Buy -

Seller(S) 1

SELLER

ChinaVest

Hong Kong, China

Investor Investor Investor Investor Investor

website


Category Merchant Bank
Founded 1981
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

ChinaVest is an investment and merchant banking advisory firm based in China. The firm functions as a bridge to Chinese companies and foreign multi-national corporations. ChinaVest operates primarily as a financial intermediary and as a principal investor. As a financial intermediary, ChinaVest assists foreign multinational companies, local Chinese firms, private equity funds and other investors evaluate and execute cross-border transactions. The firm concentrates on mergers and acquisitions, private placements, divestitures, joint ventures, management buyouts, leveraged buyouts and corporate restructuring in both private and public companies. As a principal investor, ChinaVest takes both majority and minority equity stakes in Chinese firms and may also co-invest with hedge funds or private equity funds. ChinaVest was founded in 1981 has offices in Shanghai, China; Beijing, China; Central, Hong Kong and San Francisco, California.


DEAL STATS #
Overall 5 of 6
Sector (Software) 1 of 1
Type (Going Private) 1 of 1
Country (China) 3 of 3
Year (2013) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-18 Chic Logistics

Shanghai, China

Chic Logistics and Chic Supply Chain Management have offices and operations throughout China’s provinces and specialize in one-stop logistics services, from local distribution services, regional distribution services and home delivery services through a complete and modern nationwide supply chain service. Fortune 500 companies around the world look to Chic Logistics for innovative solutions that help plan business strategies in China, improve customer service, accelerate order cycle times, and tighten control of the supply chain-all while reducing costs in transportation, inventory, and order fulfillment.

Sell $60M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-06 eOn Communications

Corinth, Missouri, United States

eOn Communications Corporation, through its subsidiaries, provides telecommunications solutions in North America, Puerto Rico, and the Virgin Islands. The company operates in two segments, Telephony Products and Puerto Rico.

Sell -