M&A Deal Summary

LEAP Acquires CHEP India

On November 11, 2024, LEAP acquired transportation company CHEP India from Brambles for 85M USD

Acquisition Highlights
  • This is LEAP’s 1st transaction in the Transportation sector.
  • This is LEAP’s largest (disclosed) transaction.
  • This is LEAP’s 1st transaction in India.

M&A Deal Summary

Date 2024-11-11
Target CHEP India
Sector Transportation
Buyer(s) LEAP
Sellers(s) Brambles
Deal Type Divestiture
Deal Value 85M USD

Target

CHEP India

India
CHEP India is a provider of supply chain solutions. CHEP was founded in 2008 and is based in India.

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Buyer(S) 1

Buyer

LEAP

Mumbai, India

Category Company
Founded 2013
Sector Transportation
DESCRIPTION

Leading Enterprise in Asset Pooling (LEAP) is a provider of sustainable supply chain solutions. Specializing in the design, manufacture, and management of wooden pallets, reusable packaging, and containers, the company primarily operates in the asset pooling space, offering cutting-edge supply chain solutions to businesses throughout India. Its mission is to provide cost-effective and sustainable solutions that help businesses reduce waste and lower costs while minimizing the environmental impact of their operations. LEAP was formed in 2013 and is based in Mumbai, India.


DEAL STATS #
Overall 1 of 1
Sector (Transportation) 1 of 1
Type (Divestiture) 1 of 1
Country (India) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Brambles

Sydney, Australia

Category Company
Founded 1875
Sector Transportation
Employees12,743
Revenue 6.5B USD (2024)
DESCRIPTION

Brambles is a supply-chain logistics company operating primarily through the CHEP and IFCO brands. Brambles enhances performance for customers by helping them transport goods through their supply chains more efficiently, sustainably and safely. The Group's primary activity is the provision of reusable unit-load equipment such as pallets, crates and containers for shared use by multiple participants throughout the supply chain, under a model known as "pooling". Brambles primarily serves the fast-moving consumer goods (e.g. dry food, grocery, and health and personal care), fresh produce, beverage, retail and general manufacturing industries, counting many of the world's best-known brands among its customers. The Group also operates specialist container logistics business serving the automotive sector. Brambles was founded in 1875 and is based in Sydney, Australia.


DEAL STATS #
Overall 7 of 7
Sector (Transportation) 1 of 1
Type (Divestiture) 6 of 6
Country (India) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-10 Kegstar Pty

Paddington, Australia

Formed in 2012, Kegstar makes keg rental simple with its smart one-way stainless steel kegs and casks. Each keg has its own unique identity making it easily tracked through the supply chain on proprietary cloud-based software. In some countries the company clean kegs ourselves, in some countries it collects kegs itself too but in every country. Kegstar is an individual entrepreneurial part of the global supply-chain logistics company Brambles, operating in Australia, New Zealand, Europe, and the USA.

Sell $52M