M&A Deal Summary

KLN Logistics Acquires Able Logistics Group FZCO

On December 30, 2014, KLN Logistics acquired transportation company Able Logistics Group FZCO from Growthgate Capital

Acquisition Highlights
  • This is KLN Logistics’ 8th transaction in the Transportation sector.
  • This is KLN Logistics’ 1st transaction in United Arab Emirates.

M&A Deal Summary

Date 2014-12-30
Target Able Logistics Group FZCO
Sector Transportation
Buyer(s) KLN Logistics
Sellers(s) Growthgate Capital
Deal Type Add-on Acquisition

Target

Able Logistics Group FZCO

Dubai, United Arab Emirates
Able Logistics Group FZCO is an integrated logistics services group, with 3 main business units: freight forwarding, land transport and warehousing logistics. The group operates in the UAE, Hong Kong, China, Saudi Arabia, Qatar, Oman, Sudan, Iraq, Afghanistan and East Africa.

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Buyer(S) 1

Buyer

KLN Logistics

Hong Kong, China

Category Company
Founded 1981
Sector Transportation
Employees18,400
Revenue 58.3B HKD (2024)
DESCRIPTION

KLN Logistics is a core business which encompasses integrated logistics, international freight forwarding and supply chain solutions. KLN Logistics was founded in 1981 and is based in Hong Kong, China.


DEAL STATS #
Overall 10 of 12
Sector: Transportation M&A 8 of 10
Type: Add-on Acquisition M&A Deals 9 of 11
Country: United Arab Emirates M&A 1 of 1
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-12 Cargo Master s Group

Mexico City, Mexico

Cargo Master's Group is a logistics and freight forwarding company. Cargo Master's Group was established in 1994 and is headquartered in Mexico City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-10 Multi Logistics

Munich, Germany

Multi Logistics GmbH is a film and media logistics provider. Multi Logistics GmbH was established in 1985 and is headquartered in Munich, Germany.

Buy -

Seller(S) 1

SELLER

Growthgate Capital

Manama, Bahrain

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

GrowthGate Capital is a buyout firm focused on direct investments in the MENA region. GrowthGate generally pursues value creation via a buy-and-build approach and pursues platform companies valued between $100 and $200 million. The Firm does not have any sector preferences, however GrowthGate will not invest in biotech, real estate, gambling, or 'environmentally unfriendly' industries. GrowthGate was incorporated in 2007 and is based in Manama, Bahrain.


DEAL STATS #
Overall 2 of 2
Sector: Transportation M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Arab Emirates M&A 2 of 2
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-15 Roots Steel International Co.

Jeddah, United Arab Emirates

Roots Steel International Co. Ltd. engages in the design, engineering, project management, manufacturing, sale, erection, and after-sales service.

Sell -