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New Deal


Announced

Fang Holdings to acquire a minority stake in China Index Holdings for $90m.

Financials

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Transaction Value£68m
Consideration TypeCash
Capital Owned-
Capital Bid For23%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Private

China

Digital Services

Acquisition

Pending

online real estate services

Friendly

Minority

Synopsis

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Fang Holdings, real estate Internet portal in China is set to acquire a minority stake in China Index Holdings, a developer of online real estate information platform for $90m. According to the Agreement, Fang will have the absolute and sole discretion to determine the number of shares to purchase, the timing of the purchase, and whether a single or a series of transactions.

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