Deal Diary

Welcome to Acquisition International’s Deal Diary, the place where we showcase exciting deals from across the globe. With each diary entry, we’ll be taking a comprehensive look at the inner workings of the deal in question and will be venturing behind the scenes to take a look at the dedicated professionals involved in ensuring its success.

Here you will discover the most active deal makers and a comprehensive catalogue of the transactions they have been involved with.

Tier 1: The Website - Go live worldwide within 24 hours!

Within 24 hours of booking, we'll upload your deal and company profile - including contact details and links to your homepage - right here on our site, putting you and your firm in front of
40,000 visitors every month!

You will, of course, get a full company bio, including your contact details and fully clickable links direct to your website, and to make sure the people who matter will be able to find every deal you and your firm have been involved in at the click of a button, all of the deals posted on the Deal Diary site are incredibly easy to search by firm name, individual name, sector or region. We even have an automatically updated deal leaderboard (right). 

Tier 2: The Newsletter - Direct to 108,000 subscribers!

Your involvement in the deal will be featured on our weekly Deal Round-Up newsletter,  published via email every Thursday to a global audience of  108,000. Your deal write-up will also include hyperlinked images and logos, taking readers straight to your homepage. That’s a potential 108,000 clicks every month!

Tier 3: The Publication - Sent to 108,000 people in 170 countries!

The deal and your involvement will appear in the Deal Diary section of our monthly magazine, distributed to 108,000 people in 170 countries around the world. This is where you can tell us all about the deal and how you made it happen, providing the perfect opportunity to shout about your firm’s experience, expertise and the great work you’ve been doing.

GO

Diligent Consultancy Advises Beech Tree Private Equity's Investment in RS Fleet
May 14, 2015
Plesner Advise Solina in Acquisition of Paulig Flavours Division
May 7, 2015
Maclay Murray & Spens Advises Phoenix Fund Services During Maitland's Acquisition
May 7, 2015
K&E & Skadden Among Five Firms on 58.com’s Stake Acquisition in Ganji
May 7, 2015

K&E & Skadden Among Five Firms on 58.com’s Stake Acquisition in Ganji

View Biography
Image
View Biography
Image

David Zhang -
Adviser to Ganji.com

Julie Gao -
Adviser to 58.com

58.com Inc. today announced that it has acquired a strategic stake in Falcon View Technology Limited, the holding company of the PRC entities operating Ganji.com, a major online local services marketplace platform in China. Concurrently, 58.com also announced an approximately US$400 millionadditional investment by Tencent Holdings Limited, a leading provider of internet services in China.

Under the terms of the definitive agreement with shareholders of Ganji ("the 58.com-Ganji Strategic Transaction"), and as part of an intended long-term, strategic combination transaction, 58.com has agreed to acquire an approximately 43.2% fully diluted equity stake in Ganji for a combination of share consideration and cash, including approximately 34 million newly issued ordinary shares of the Company (one American Depositary Share, or "ADS", represents two class A ordinary shares) and US$412.2 million in cash. The two companies, which will continue to operate their respective brands, websites and teams, intend to maximize business synergies created by this new strategic relationship, and capitalize on opportunities to cooperate and further expand their businesses.

Founded in Beijing in 2005, Ganji.com has become one of China's leading online local services marketplaces. Every month, hundreds of millions of users come to Ganji.com to access a wide range of location-based services from millions of active merchants, in areas such as jobs, housing, second hand products and local services information.

Concurrent with the 58.com-Ganji Strategic Transaction and incremental to its existing share ownership in 58.com, Tencent has signed a definitive share purchase agreement with 58.com to purchase an additional approximately US$400 million of newly issued ordinary shares from 58.com at a purchase price equivalent to US$52 per ADS (the "Tencent Investment"). Following the completion of this additional investment by Tencent, Tencent will hold in aggregate approximately 25.1% of the total issued and outstanding shares of 58.com on a fully-diluted basis.

Both the 58.com-Ganji Strategic Transaction and the Tencent Investment are expected to close within a few days, subject to customary closing conditions. 

Mr. Michael Jinbo Yao, Chairman and CEO of 58.com, commented, "We are pleased to make this large-scale strategic investment in Ganji.com to jointly realize major cost, revenue, and strategic business synergies. This transaction is part of our larger plan to execute our vision of integrating our respective businesses and creating a larger and more effective local services internet platform to help consumers around China find the services that they need in their local area.  Ganji.com has done a tremendous job building a talented team, and we look forward to working more closely with them as we continue to expand in this growing and underserved market."

Mr. Mark Haoyong Yang, Chairman and CEO of Ganji.com, added, "After extensive discussions, we are pleased to reach this strategic agreement with 58.com.  Both Ganji and 58.com are leading players in the online classified market and have developed unique capabilities in O2O.  Personally and on behalf of Ganji, I look forward to taking advantage of the great chemistry between Ganji and 58.com, and leveraging our respective resources and advantages. We have seen and continue to see the mobile internet enabling a transformative opportunity in the classified industry and across O2O categories.  Ganji has been built on the DNA of mobile connectivity.  Together with 58.com, we will continue to build a leading platform offering our customers the best experience and localized service."   

Arganto Advises Empact through Solving Efeso International's Acquisition.
May 7, 2015
Windjammer Capital's Sale of Protective Industries to Berwind
May 6, 2015
Israel’s RR Media acquires Eastern Space Systems in Romania
May 6, 2015
Allen & Overy Advises on Exim India’s Inaugural U.S. Dollar Green Bond
May 6, 2015
Adcorp acquires Dare Holdings for R280m
May 6, 2015
CounselCorp Advises Aurobindo (Australia) Pty Ltd During Pharma Eris Pharma's Acquisition
May 6, 2015
Sie Holding acquires 51% of shares in Tagor Electronic doo Nis.
May 5, 2015
Ferro Enters into Agreement to Acquire Global Inorganic Pigments Manufacturer Nubiola
April 30, 2015
HRG Group, Inc. Announces Armored AutoGroup Acquisition By Spectrum Brands
April 30, 2015
Microsemi Successfully Completes Acquisition of Vitesse
April 30, 2015
BiP Solutions Acquires Pro Mark Media
April 30, 2015
Woodruff Sweitzer Acquires Minnesota-Based Confluence Marketing
April 30, 2015
Sierra Nevada Corporation Acquires Kutta Technologies, Inc. to Expand its Unmanned Technologies
April 29, 2015
Heilind Acquires German Distributor MPS Group
April 29, 2015
IK Investment Partners to Sell Sportgroup to Equistone Partners
April 29, 2015
DAC Group Acquisition Introduces New Technology to UK Based Make It Rain
April 25, 2015
MORE...
Share this page:
Copyright Acquisition Intl. 2016