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New Deal


Announced

Completed

Sequoia China and Tencent completed a $244m investment in Shimao Property.

Financials

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Transaction Value£201m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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China

Friendly

real estate development

Minority

Private Equity

Public

Completed

Real Estate Holding and Development

Acquisition

Single Bidder

Synopsis

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Sequoia China and Tencent completed a $244m investment in Shimao Property, a diversified real estate development company. Sequoia invested $130m and Tencent provided $114m. Shimao will use the capital to improve its operating efficiency by digitizing its services and adopting technology such as cloud computing and big data.

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