M&A Deal Summary

Bohai Leasing Co. Acquires Cronos

On January 20, 2015, Bohai Leasing Co. acquired business services company Cronos from Kelso

Acquisition Highlights
  • This is Bohai Leasing Co.’s 1st transaction in the Business Services sector.
  • This is Bohai Leasing Co.’s 1st transaction in Luxembourg.

M&A Deal Summary

Date 2015-01-20
Target Cronos
Sector Business Services
Buyer(s) Bohai Leasing Co.
Sellers(s) Kelso
Deal Type Add-on Acquisition

Target

Cronos

Luxembourg, Luxembourg
Cronos Ltd. provides leasing of intermodal shipping containers.

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Buyer(S) 1

Buyer

Bohai Leasing Co.

Urumqi, China

Category Company
Founded 1993
Sector Retail
Employees580
Revenue 38.4B CNY (2024)
DESCRIPTION

Bohai Leasing Co. is a provider of equipment and transportation asset financial leasing services. Bohai Leasing Was founded in 1993 and is based in Urumqi, China.


DEAL STATS #
Overall 1 of 2
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
Country: Luxembourg M&A 1 of 1
Year: 2015 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-08 Avolon Holdings

Dublin, Ireland

Avolon Holdings Ltd. is a provider of aircraft leasing and lease management services to airlines and aircraft investors worldwide. Avolon Holdings was formed in 2010 and is based in Dublin.

Buy $7.6B

Seller(S) 1

SELLER

Kelso

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1971
PE ASSETS 15.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kelso & Company is a private equity and investment management firm that seeks control investments in middle-market companies operating primarily throughout the US. Sectors of interest include manufacturing, communications, media, distribution, service, consumer products, retail, healthcare, transportation, logistics, textiles, & apparel, chemicals, and energy. Kelso looks to align 'management's interest with those of investors' when considering opportunities. Kelso & Company was formed in 1971 and is based in New York City.


DEAL STATS #
Overall 27 of 54
Sector: Business Services M&A 4 of 5
Type: Add-on Acquisition M&A Deals 12 of 25
Country: Luxembourg M&A 2 of 2
Year: 2015 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-08 Foundation Consumer Healthcare

Pittsburgh, Pennsylvania, United States

Foundation Consumer Healthcare is dedicated to improving consumers’ lives by developing and growing a portfolio of differentiated over-the-counter (OTC) products. Foundation Consumer Healthcare was founded in 2014 and is based in Pittsburgh, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-06 Tallgrass Energy Partners

Overland Park, Kansas, United States

Tallgrass Energy is a family of companies formed to own, operate, acquire and develop midstream energy assets in North America. The Tallgrass Energy family is comprised of Tallgrass Energy Partners, LP, a master limited partnership, and Tallgrass Development, LP. Tallgrass Energy Partners is based in Overland Park, Kansas.

Sell -