China DealBook
A Newsletter on Deal Making in China

By: ChinaDesk | March 07, 2017

A Newsletter on Deal Making in China | M&A . Investment Banking .VC . PE . Deals

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Source: China Business News

Deal News


Alibaba’s arch rival JD.com spins out its financial services business
Chinese online retailer JD.com has agreed to sell its entire 68.6% stake in its financial unit JD Finance, which is backed by Chinese investors including Sequoia Capital China, for RMB14.3 billion ($2.1 billion) in cash.

 

JD.com Inc. agreed to sell its finance arm while retaining a share of its future profits, part of a deal to spin off the fast-growing division and create a strong rival to billionaire Jack Ma’s Ant Financial. Alibaba’s Ant Financial fintech affiliate is out doing deals to expand its global presence and raising a $3 billion war chest for f...

Category: Daily Newsletter 

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By: ChinaDesk | February 27, 2017

A Newsletter on Deal Making in China | M&A . Investment Banking .VC . PE . Deals

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Deal News


Kunming Sinobright plans to acquire Beijing's property agency firm for 6.56 bln yuan
Kunming Sinobright Group Co Ltd (昆百大A) says it plans to acquire 94 percent stake in property agency firm, Beijing 5i5j (我爱我家- wo ai wo jia) Real Estate Brokerage Co Ltd, for about 6.18 billion yuan ($898 million).


Sinobright plans to sign share transfer agreement to acquire the remaining 6 percent stake in Beijing 5i5j for 378.0 million yuan. Sinobright plans to raise up to 2.5 billion yuan in share private placement to fund acquisition, projects.


China's XCMG, Brazil's OAS in joint venture talks
Chinese heavy machinery maker Xuzhou Construction Machinery Gr...

Category: Daily Newsletter 

Tags: Acquisition, Venture Capital, China Newsletter, Legend Capital, CSRC, China IPO, Bona Filim, China CYTS Tours, Hong Kong IPO, Mergers, Acquisitions, IMAX China, PPTV, Meitu, Jia Yueting, Faraday Future, Private Equity, KKR China, IDG Capital, Mergers And Acquisitions, LeSports, Foxconn, Sequoia Capital China, Bluegogo, China Development Bank Capital, Kunming Sinobright, Beijing 5i5j Real Estate, 昆白大A, 我爱我家, XCMG, Xuzhou Construction Machinery Group, OAS SA, Brazil M&A, Softbank Asia Capital, Gambol Pet Group, MGM Studios, Zongmu Technology, Black Hole Capital, Zhineng Xingtong, Jolla, Sailfish, Lucheng, McKinsey, Kweichow Moutai Group, Huagui Life Insurance, Changan Ford, Beijing CHJ Automotive, China Electric Cars, Bocom, Hao Hong, Keith Pogson, EY, Guo Shuqing, China M&A News, M& A 

By: ChinaDesk | February 23, 2017

A Newsletter on Deal Making in China | M&A . Investment Banking .VC . PE . Deals

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Deal News

Canada approves sale of retirement home chains to Cedar Tree Investment (Anbang)
The Trudeau government has green-lighted the sale of one of British Columbia’s biggest retirement home chains to a Beijing-based insurance titan with a murky ownership structure in a deal that gives China a foothold in Canada’s health-care sector.

 

On paper, a majority stake in Vancouver-based Retirement Concepts – believed to exceed $1-billion in value – is being sold to a Chinese-owned company called Cedar Tree Investment Canada. However, Cedar Tree is the company that China’s Anbang Insurance is using to make the acquisition.

 

Congo Said to Get $100 ...

By: ChinaDesk | September 13, 2016

A Newsletter on Deal Making in China

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Deal News


EU antitrust regulators see no issues with Midea, Kuka deal

European Union antitrust regulators do not expect Chinese household appliances company Midea Group's bid for German industrial robot maker Kuka to pose any competition issues and will do a routine check before approving the deal.

The European Commission will examine the deal under its simplified procedure, according to a filing on its website on Monday. Such reviews mean the EU enforcer do not see the deals creating significant competition problems.

By: ChinaDesk | February 11, 2016

leapfrog_VTech_China_Acquisition_Deal_Book  

VTech Holdings Limited, a global leader in electronic learning products and cordless telephones, and LeapFrog Enterprises, Inc, a leading developer of educational entertainment for children, entered into a merger agreement whereby VTech will acquire LeapFrog.

VTech plans to acquire 100% of the outstanding common stock of LeapFrog through an all cash tender offer followed by a second-step merger. In the tender offer, VTech will offer LeapFrog investors US$1 per share which represents a 75.4% premium over LeapFrog's Class A shares. The total purchase consideration amounts to approximately US$72 million.


The tender offer is expected to commence on or about 3 March 2016, and will be open for a minimum of 20 business days. LeapFrog's Board ha...

Category: M&A 

Tags: LeapFrog, VTech, Acquisition, M&A, US-China