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Deals targeting logistics companies in China have delivered the best start to the year on record, generating bumper profits for private equity firms.
About $5.5 billion worth of acquisitions of Chinese logistics firms have been announced so far this year, the strongest first quarter ever, according to data compiled by Bloomberg. Warburg Pincus LLC and MBK Partners are among the firms that have recently profited from selling their stakes in companies in the red-hot sector.
Courtesy of Bloomberg
Buyout firms have been betting heavily on assets like warehouse space well before China’s increasingly affluent consumers joined the shift toward e-commerce, which was turbo-charged by the coronavirus pandemic. Even after these latest transactions, dealmakers see investment in Chinese logistics assets continuing to rise.
PE investors are feasting on China’s $5.5b logistics deals
Photo by chuttersnap on Unsplash
March 1, 2021
Deals targeting logistics companies in China have delivered the best start to the year on record, generating bumper profits for private equity firms.
About $5.5 billion worth of acquisitions of Chinese logistics firms have been announced so far this year, the strongest first quarter ever, according to data compiled by Bloomberg. Warburg Pincus LLC and MBK Partners are among the firms that have recently profited from selling their stakes in companies in the red-hot sector.
Buyout firms have been betting heavily on assets like warehouse space well before China’s increasingly affluent consumers joined the shift toward e-commerce, which was turbo-charged by the coronavirus pandemic. Even after these latest transactions, dealmakers see investment in Chinese logistics assets continuing to rise.
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Singapore Reporter/s
In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digi
By Reuters Staff
1 Min Read
HONG KONG, Feb 10 (Reuters) - Private equity firm FountainVest Partners is to buy Chinese logistics firm CJ Rokin from South Korea’s CJ Logistics Corp in a deal that gives Rokin an enterprise value of 6.9 billion yuan ($1.07 billion), a source said on Wednesday.
The source, who has with direct knowledge of the matter, declined to be identified as the proceedings, including the signing of the sale agreement by FountainVest Partners, were not public.
Bloomberg reported on advanced talks between CJ and FountainVest earlier on Wednesday.
CJ Group had hired Morgan Stanley to run the sale of Shanghai-based CJ Rokin Logistics Supply Chain Co.