M&A Deal Summary

Li & Fung Acquires CGroup HK

On June 15, 2007, Li & Fung acquired distribution company CGroup HK for 120M USD

Acquisition Highlights
  • This is Li & Fung’s 1st transaction in the Distribution sector.
  • This is Li & Fung’s 5th largest (disclosed) transaction.
  • This is Li & Fung’s 4th transaction in China.

M&A Deal Summary

Date 2007-06-15
Target CGroup HK
Sector Distribution
Buyer(s) Li & Fung
Deal Type Add-on Acquisition
Deal Value 120M USD

Target

CGroup HK

Aberdeen,, China
CGroup is one of the premier companies in the global health, beauty and cosmetic (HBC) supply chain business.CGroup co-ordinates and manages the supply of HBC products to premier cosmetics brands and retailers globally.

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Buyer(S) 1

Buyer

Li & Fung

Kowloon, China

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 9 of 30
Sector (Distribution) 1 of 3
Type (Add-on Acquisition) 7 of 27
Country (China) 4 of 13
Year (2007) 1 of 3
Size (of disclosed) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-09 Rosetti Handbags and Accessories

New York, New York, United States

Rosetti has been creating stylish handbags for customers who love exciting fashion and great value. Designer qualities like contrasting top-stitching, polished hardware and runway-inspired styles appeal to women who are shopping for classics with a fashion-forward twist that will instantly update their wardrobe.

Buy $162M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-15 Regatta USA

New York, New York, United States

Regatta is a apparel and brand management company offering proprietary brands and private label products. It designs, sources, and markets such prominent apparel brands as Daisy Fuentes, Simply Vera by Vera Wang, Nicole Miller and other proprietary label brands for major retailers. The company serves such retailers as Kohl’s, Wal-Mart, J.C. Penney and Charming Shoppes.

Buy -