M&A Deal Summary

EmergeVest Acquires EV Cargo

On November 22, 2018, private equity firm EmergeVest acquired transportation company EV Cargo

Acquisition Highlights
  • This is EmergeVest’s 2nd transaction in the Transportation sector.
  • This is EmergeVest’s 1st transaction in China.

M&A Deal Summary
Date 2018-11-22
Target EV Cargo
Sector Transportation
Buyer(s) EmergeVest
Deal Type Consolidation

Target

EV Cargo

Hong Kong, China
EV Cargo is a global technology-enabled supply chain management and logistics execution platform that offers unique mission-critical end-to-end supply chain solutions to more than 3,000 customers across the retail, consumer, and industrial sectors. EV Cargo was founded in 2018 and is based in Hong Kong, China.

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Buyer(S) 1

Buyer

EmergeVest

Investor Investor Investor

Category Private Equity Firm
Founded 2013
Size Small
Type Sector Focused
DESCRIPTION

EmergeVest is a private investment group that looks to invest in and acquire business services companies. The Firm has particular interest in international supply chain opportunities, spanning logistics and related technology. EmergeVest was established in 2013 and is headquartered in Hong Kong.

DEAL STATS #
Overall 3 of 4
Sector (Transportation) 2 of 2
Type (Consolidation) 1 of 1
Country (China) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-22 Palletforce

Staffordshire, United Kingdom

Palletforce is a distributor of palletised freight across the UK and Europe. Palletforce was founded in 2000 and is based in Staffordshire, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-02 Lucy

Singapore, Singapore

Lucy is an operator of the first neobank focused on women entrepreneurs. Lucy app helps women entrepreneurs set up, run and grow their businesses, with affordable financial services including fee-free accounts with Mastercard, no-interest salary advances, savings accounts, loan management, and low-cost remittances. Lucy is based in Singapore City.

Buy -
Mergr

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