Notable deals
In November 2009, FountainVest, Sequoia Capital and CITIC Capital acquired a stake worth $180 million in Sina Corporation which runs Weibo, China's most popular microblogger.[10] The purpose was to strengthen Sina management's hold on the company and allow it to finance future acquisitions.[4][10][13]
In 2012, an investor consortium including FountainVest and The Carlyle Group took Focus Media private via a $3.7 billion leveraged buyout deal.[3] At the time it was the largest leveraged buyout deal in China.[8][14][15] In 2015, FountainVest held a stake of just below the 20 per cent of Focus Media and CITIC about 17.5 percent.[16] Focus Media and FountainVest partners eventually set up the joint venture Focus Media FountainVest Sports worth $400 million aimed to invest in sports.[16] The consortium later relisted Focus Media on the Shenzhen Stock Exchange via a reverse merger in 2015 in a deal worth $7.4 billion. Finally in July 2018, the consortium exited Focus Media after they sold their stake in Focus Media to the Alibaba Group for $1.2 billion.[17][18]
In January 2014, Fountainvest joined an investor consortium to privatize Nasdaq-listed company, Shanda Games for $1.9 billion. However, in September 2014, it pulled out of the deal.[19][20]
In August 2014, Fountainvest and CPP Investment Board acquired Key Safety Systems for $800 Million.[21][22] In February 2016, Fountainvest and its partners sold Key Safety Systems to Ningbo Joyson Electronic Corporation for $920 Million.[23]
In June 2016, Endeavor formed a joint venture in China with FountainVest, Sequoia Capital and Tencent. In April 2022 Endeavor acquired the remaining stake of the joint venture for $158 million.[24][25]
By September 2017, FountainVest acquired the German Bosch Mahle Turbo Systems (BMTS), a joint venture of Bosch and Mahle founded in 2008 that produces turbochargers.[26] The company had 1300 employees at the time.[26][27] In April 2021, FountainVest led a consortium, which invested $220 million in the self driving truck company Plus AI.[28]
In 2018, the company teamed up with CITIC and acquired a stake of 50 per cent in Loscam, an Australian pallet producer from China Merchants.[29] In May 2024, it was reported there were talks to sell the company for $2 billion.[30]
In December 2018 an investor consortium led by Anta Sports that included FountainVest and Tencent acquired Amer Sports for $5.2 billion.[3][31] In Amer sports are included the ski brands Atomic, Salomon and the tennis racket producer Wilson.[32]
In November 2021 FountainVest struck a deal to acquire the Chinese franchises of Papa John's and Dairy Queen for $160 million.[33] An expansion from currently around 160 to 1,350 restaurants by 2040 in Southern China was agreed upon.[34] For the Chinese branch of Dairy Queen an expansion from 900 to 1500 until 2040 was planned.[35]
In November 2024, FountainVest and Unison Capital acquired Japanese jeweler Tasaki from MBK Partners for $660 million.[36]
