Logistics
Tuscan Ventures exits India’s LCL Logistix to strategic investor
Tuscan Ventures has exited its entire interest in LCL Logistix India to the logistics arm of France-based CMA CGM, the world’s third-largest container shipping company.
Catapult steers through new waters
When employees at Australian Reef Pilots (ARP), which provides pilotage services through the Great Barrier Reef and Torres Straits, wanted to engineer a management buyout (MBO), they found help from a newcomer to the private equity industry: Catapult...
Navis agrees Domestic Group medical equipment unit carve-out
Malaysia-based GP Navis Capital Partners has agreed to buy Domestic Medical Division (DMD), the cold chain medical equipment unit of Sweden's Domestic Group. The financial terms of the deal were not disclosed.
CDC banks on rail to share the wealth
Uttar Pradesh, the most populous state in India, is served by just two rail freight container terminals. They are located in the northern industrial hotbed of Kanpur, with one operated by Pristine Logistics & InfraProjects and the other by Concor.
Crystal Stream leads $10m round for delivery start-up Lalamove
Crystal Stream Capital has led a $10 million for Lalamove, a Hong Kong-based mobile app for on-demand delivery services.
PE firms set for part exits as India’s VRL Logistics, UFO Moviez file for IPOs
New Silk Route (NSR) will sell shares in VRL Logistics and Providence Equity Partners and 3i Group will make partial exits from UFO Moviez as both companies filed for IPOs in India.
JKL, Harim Group named preferred bidder for Korea's Pan Ocean
JKL Partners and a unit of South Korean agricultural conglomerate Harim Group have been named by a local court as the preferred bidder for bankrupt shipper STX Pan Ocean.
China's AVIC Capital scraps plan to acquire Avolon
AVIC Capital, a subsidiary of aircraft manufacturer Aviation Industry Corporation of China, has been rebuffed in its attempt to acquire Avolon, an aircraft leasing company owned by several PE firms.
Goodman, CPPIB boost investment in China logistics joint venture
Canada Pension Plan Investment Board (CPPIB) and Goodman Group have invested a further $500 million in their China logistics joint venture, taking the total equity commitment to $2 billion.
Mandala Capital commits $24m to India cold chain business
Mandala Capital has acquired a 30% stake in the cold chain unit of Indian express distribution and supply chain solutions provider Gati for INR1.5 billion ($24.4 million).
China's COFCO plans IPO for PE-backed businesses
Chinese agricultural conglomerate COFCO Corporation is looking to list some of its assets, including Noble Group’s agribusiness unit and Dutch grain trader Nidera Holdings, both of which were acquired with PE support.
Fosun-led consortium acquires 30% stake in China express firm ZJS
A consortium led by Fosun International has acquired a 30% stake in Chinese delivery service provider Zhaijisong (ZJS) Express for an undisclosed sum.
Shaw Kwei invests $17m in Singapore marine logistics firm
Greater China and Southeast Asia-focused private equity firm Shaw Kwei & Partners has paid $17 million for a 60% stake in Singapore marine logistics firm Amos International.
Boyu joins Chinese consortium for $2.5b GLP investment
Boyu Capital and several Chinese strategic investors have joined a consortium that has committed $2.5 billion to Global Logistic Properties (GLP), a Singapore-listed warehouse operator.
Tencent to up stake in PE-backed China South City
Tencent Holdings will pay HK$822.5 million ($106 million) to increase its stake in China South City Holdings, a logistics center operator that counts PAG among its investors, to 11.55%.
Southeast Asia e-commerce: Logistics logjam
Southeast Asia is expected to see rapid growth in e-commerce over the next five years. But are there enough competent logistics providers to deliver the goods in a timely and cost-effective fashion?
Aggressive demand for aggressive chemicals
Tankers used to ship chemicals require a degree of customization. Smaller than normal tankers, they are divided into self-contained compartments so that cargoes can be loaded without any mixing. There may also be specialized heating systems to keep chemicals...
KKR completes privatization of Singapore's Goodpack
KKR has completed the S$1.4 billion ($1.1 billion) acquisition of intermediate bulk container (IBC) manufacturer Goodpack. The company delisted from the Singapore Exchange on September 15.
PE-backed Snowman jumps 67.5% on India debut
Snowman Logistics - the PE-backed cold chain unit of Gateway Distriparks - gained 67.5% on its first day of trading on the Bombay Stock Exchange.
SCPE, Tiger Group invest $95m in chemical tanking venture
Standard Chartered Private Equity (SCPE) and specialist maritime investor Tiger Group Investments have agreed to commit $95 million to Greathorse Chemical, which owns and operates a fleet of chemical tanker vessels.
Khazanah to privatize trouble-hit Malaysia Airlines
Malaysia Airlines (MAS), the beleaguered national carrier that has tragically lost two planes in the space of four months, will be privatized and restructured by its largest shareholder, Khazanah Nasional in a deal worth MYR1.38 billion ($432 million).
Japan fish app start-up raises $4.5m
Hachimenroppi, a Japanese start-up that operates an IT-enabled fresh fish distribution platform, has secured JPY450 million ($4.4 million) in funding from Recruit Holdings, YJ Capital, DeNA, and Monex Ventures.
Everstone, Fidelity exit Transpole to Japan's SBS
Everstone Capital and Fidelity Growth Partners will exit Transpole Logisitcs as Japan's SBS Group agreed to acquire a majority stake in the Indian company for an undisclosed amount.
Prologis raises more capital for China logistics platform
Prologis, an industrial real estate investment trust (REIT), has raised another $588 million for Prologis China Logistic Venture, a platform used to acquire and manage logistics properties in China.