M&A Deal Summary

Hony Capital Acquires Li & Fung - Product Vertical Businesses

On December 14, 2017, private equity firm Hony Capital acquired consumer products company Li & Fung - Product Vertical Businesses from Li & Fung for 1.1B USD

Acquisition Highlights
  • This is Hony Capital’s 1st transaction in the Consumer Products sector.
  • This is Hony Capital’s 3rd largest (disclosed) transaction.
  • This is Hony Capital’s 27th transaction in China.

M&A Deal Summary

Date 2017-12-14
Target Li & Fung - Product Vertical Businesses
Sector Consumer Products
Buyer(s) Hony Capital
Sellers(s) Li & Fung
Deal Type Divestiture
Deal Value 1.1B USD

Target

Li & Fung - Product Vertical Businesses

Hong Kong, China
Li & Fung - Product Vertical Businesses supplies clothing and other products to retailers worldwide. Li & Fung - Product Vertical Businesses was founded in 2015 and is based in Hong Kong, China.

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Buyer(S) 1

Buyer

Hony Capital

Beijing, China

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2003
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Hony Capital (Beijing) Co., Ltd. is a private equity firm focused on investment opportunities across China. The Firm targets buyouts and commercializations of Chinese state-owned enterprises as well as growth capital investments in rapidly-growing private Chinese companies. Hony's primary focus is within the construction materials, pharmaceuticals, construction machinery, retail, and consumer goods sectors, however, the firm will also consider opportunities in media/entertainment, financial services, energy, and resources. Hony is a long-term investor and is sponsored by Legend Holdings, parent of computer maker Lenovo amongst other properties. Hony Capital is located in Beijing, China.


DEAL STATS #
Overall 35 of 41
Sector (Consumer Products) 1 of 1
Type (Divestiture) 3 of 3
Country (China) 27 of 32
Year (2017) 6 of 6
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-01 Quanyi Health Pharmacy

Suzhou, China

Quanyi Health is a retail pharmacy operation and management enterprise. Based on stores, it is committed to building a modern chain pharmacy that combines "product + service" online and offline. Quanyi Health Pharmacy was founded in 2016 and is based in Suzhou, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 ByteDance

Beijing, China

ByteDance is a Chinese Internet technology company operating several machine learning-enabled content platforms. ByteDance was founded in 2012 and is based in Bejing, China.

Buy -

Seller(S) 1

SELLER

Li & Fung

Kowloon, China

website


Category Company
Founded 1906
Sector Transportation
Revenue 11.4B USD (2019)
DESCRIPTION

Li & Fung is an integrated logistics company working to connect and simplify its customers’ supply chains. Li & Fung was formed in 1906 and is based in Kowloon, China.


DEAL STATS #
Overall 2 of 2
Sector (Consumer Products) 1 of 1
Type (Divestiture) 2 of 2
Country (China) 2 of 2
Year (2017) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-03 Li & Fung - Asia Distribution

Hong Kong, China

Li & Fung - Asia Distribution engages in the distribution of consumer and healthcare products across Asia.

Sell $350M