M&A Deal Summary

CMA CGM S.A. Acquires Fenix Marine Services

On November 3, 2021, CMA CGM S.A. acquired marine company Fenix Marine Services from EQT for 2.3B USD

Acquisition Highlights
  • This is CMA CGM S.A.’s 1st transaction in the Marine sector.
  • This is CMA CGM S.A.’s 2nd largest (disclosed) transaction.
  • This is CMA CGM S.A.’s 1st transaction in the United States.
  • This is CMA CGM S.A.’s 1st transaction in California.

M&A Deal Summary

Date 2021-11-03
Target Fenix Marine Services
Sector Marine
Buyer(s) CMA CGM S.A.
Sellers(s) EQT
Deal Type Add-on Acquisition
Deal Value 2.3B USD

Target

Fenix Marine Services

Terminal Island, California, United States
Fenix Marine Services is a container terminal with a long-term concession providing container handling services to shipping lines including stevedoring, intermodal and truck services, storage, and maintenance. Fenix Marine Services is based in Terminal Island, California.

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Buyer(S) 1

Buyer

CMA CGM S.A.

Marseille, France

Category Company
Founded 1978
Sector Transportation
Employees18,249
DESCRIPTION

CMA CGM S.A. is a provider of container transportation and shipping services.


DEAL STATS #
Overall 2 of 4
Sector (Marine) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (California) 1 of 3
Country (United States) 1 of 3
Year (2021) 1 of 3
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-03 Fenix Marine Services

Terminal Island, California, United States

Fenix Marine Services is a container terminal with a long-term concession providing container handling services to shipping lines including stevedoring, intermodal and truck services, storage, and maintenance. Fenix Marine Services is based in Terminal Island, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-08 Shipwire

Santa Clara, California, United States

Shipwire is a provider of global fulfillment services for emerging multi-channel brands. The Shipwire platform provides on-demand e-commerce fulfillment and supply chain management from a network of global pick-pack and ship warehouses to more than 1,000 emerging brands and web retailers. Shipwire was founded in 2006 and is based in Santa Clara, California.

Buy -

Seller(S) 1

SELLER

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 242.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.


DEAL STATS #
Overall 155 of 187
Sector (Marine) 2 of 2
Type (Add-on Acquisition) 62 of 73
State (California) 1 of 2
Country (United States) 20 of 27
Year (2021) 18 of 22
Size (of disclosed) 10 of 42
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-25 zooplus

Munich, Germany

zooplus is an online retailer of pet products in 24 European countries particularly pet food and accessories for all important types of pets. zooplus was founded in 1999 and is based in Munich, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-09 Wolt

Helsinki, Finland

Wolt is a technology company that makes it incredibly easy to discover and get the best restaurants, grocery stores, and other local shops delivered to home or office. Wolt works together with over 30,000 restaurant and retail partners as well as with over 60,000 courier partners across 23 countries and 129 cities. Wolt was founded in 2014 and is based in Helsinki, Finland.

Sell €7.0B