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Announced

15 Jun 2020

Completed

18 Sep 2020

58.com to merge with Quantum Bloom Group and Quantum Bloom Company for $8.7bn.

Synopsis

58.com, a local life service platform, completed the merger with Quantum Bloom Group and Quantum Bloom Company for $8.7bn. The company will be acquired by a consortium of investors including Warburg Pincus Asia, General Atlantic, Ocean Link Partners and Internet Opportunity Fund.

Principals

target

58.com

bidder

Warburg Pincus Asian Investments

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Market Context

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Seller Team (3)

jinbo yao

CEO at 58.COM INC

Manager

target

Deal

£ 6.74 B

Total Value

christian arnell

Senior Vice President at Christensen IR

PR Consultant

target

Deals

£ 13.98 B

Total Value

linda bergkamp

Managing Director at Christensen IR

PR Consultant

target

Deals

£ 15.35 B

Total Value

Bidder Team (7)

daniel abercromby

Partner at Weil Gotshal and Manges

Lawyer

bidder

Deals

£ 13.71 B

Total Value

timothy f. geithner

President at WARBURG PINCUS ASIAN INVESTMENTS

Investor

bidder

Deals

£ 7.82 B

Total Value

chris welty

Partner at Weil Gotshal and Manges

Lawyer

bidder

Deals

£ 21.34 B

Total Value

tim gardner

Partner at Weil Gotshal and Manges

Lawyer

bidder

Deals

£ 48.01 B

Total Value

tony jiang

Founding Partner at OCEAN LINK PARTNERS

Investor

bidder

Deals

£ 17.48 B

Total Value

william e. ford

CEO at GENERAL ATLANTIC LLC

Investor

bidder

Deals

£ 58.95 B

Total Value

luz urrutia

CEO at INTERNET OPPORTUNITY FUND

Investor

bidder

Deal

£ 6.74 B

Total Value

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