M&A Deal Summary

Cowell Fashion Acquires Logen

On July 9, 2021, Cowell Fashion acquired transportation company Logen from Baring Private Equity Asia for 324M USD

Acquisition Highlights
  • This is Cowell Fashion’s 1st transaction in the Transportation sector.
  • This is Cowell Fashion’s largest (disclosed) transaction.
  • This is Cowell Fashion’s 1st transaction in South Korea.

M&A Deal Summary
Date 2021-07-09
Target Logen
Sector Transportation
Buyer(s) Cowell Fashion
Sellers(s) Baring Private Equity Asia
Deal Type Add-on Acquisition
Deal Value 324M USD

Target

Logen

Seoul, South Korea
Logen is a domestic parcel delivery company focused on small and mid-volume customers in South Korea. It currently operates a nationwide network of more than 310 agencies managing over 7,200 truck drivers that handle 272 million parcels annually. Logen was formed in 1999 and is based in Seoul, South Korea.

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Buyer(S) 1

Buyer

Cowell Fashion

Suwon-si, South Korea
Category Company
Founded 1974
Sector Apparel/Textiles
Revenue 808.0B KRW (2023)
DESCRIPTION

Cowell Fashion is a manufacturer and seller of lifestyle products in South Korea and internationally. The company offers underwear, golf and sports apparel, and luxury products, as well as shoes. It provides its products through online and offline distribution channels. Cowell Fashion was founded in 1974 and is headquartered in Suwon-si, South Korea.

DEAL STATS #
Overall 1 of 1
Sector (Transportation) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (South Korea) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Baring Private Equity Asia

Hong Kong, China

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 17.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Baring Private Equity Asia is an Asia-focused private equity group specializing in growth equity investments and buyouts of companies valued between $300 million and $1.5 billion. Baring looks for companies that require capital for organic expansion, recapitalizations, or to fund acquisitions. The Group's geographic coverage spans China, India, Japan, Singapore, Hong Kong, and Taiwan. Baring Private Equity Asia was formed in 1997 and is based in Hong Kong.

DEAL STATS #
Overall 19 of 24
Sector (Transportation) 1 of 1
Type (Add-on Acquisition) 8 of 8
Country (South Korea) 1 of 1
Year (2021) 3 of 4
Size (of disclosed) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-01 Hexaware

Princeton, New Jersey, United States

Hexaware is a niche mid-sized IT services vendor with a strong focus in domains such as BFSI, Transportation, Logistics and HR-IT solutions. The Company specializes in enterprise solutions, application management and independent testing. Hexaware employs over 8,000 people with the differentiated ERP practice addressing the IT needs of HR departments of customers. Hexaware was founded in 1990 and is based in Princetonm, New Jersey.

Sell $3.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-20 Straive

Parañaque City, Philippines

Straive provides a comprehensive set of specialized services and technology solutions related to the creation, enrichment, and transformation of the published content. These services span a publisher's entire value chain, from author support and content development, through copy editing and typesetting, to digitalization, database management, and data analytics. The company serves its clients in 14 languages through 12 delivery operations globally and employs more than 12,500 people. Straive was formed in 1980 and is based in Parañaque City, Philippines.

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