M&A Deal Summary

Li & Fung Acquires Janco Overseas

On July 9, 2002, Li & Fung acquired electronics company Janco Overseas for 32M USD

Acquisition Highlights
  • This is Li & Fung’s 1st transaction in the Electronics sector.
  • This is Li & Fung’s 7th largest (disclosed) transaction.
  • This is Li & Fung’s 2nd transaction in China.

M&A Deal Summary

Date 2002-07-09
Target Janco Overseas
Sector Electronics
Buyer(s) Li & Fung
Deal Type Add-on Acquisition
Deal Value 32M USD

Target

Janco Overseas

Kowloon, China
Janco sources mainly hardgoods for customers in the US and Canada, and has particular strength in supplying the supermarket and hypermarket non-food sector.

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Buyer(S) 1

Buyer

Li & Fung

Kowloon, China

Category Company
Founded 1906
Sector Transportation
Revenue 11.4B USD (2019)
DESCRIPTION

Li & Fung is an integrated logistics company working to connect and simplify its customers’ supply chains. Li & Fung was formed in 1906 and is based in Kowloon, China.


DEAL STATS #
Overall 4 of 30
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 2 of 27
Country (China) 2 of 13
Year (2002) 1 of 1
Size (of disclosed) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-11-08 Colby Group Holdings

Virgin Islands (British)

Colby Group Holdings a well-established buying agent for the sourcing of consumer goods. It sources apparel products (80%) and hardgoods (20%, including household items, gift items, footwear, travel goods and fashion accessories) mainly for customers in the US, and has particular strength in the department store sector.

Buy HK$2.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-12-02 Firstworld Garments

China

Firstworld Garments Limited engaged in the sourcing of apparel products for mass-market retailers in Mexico. Its customers include leading Mexican retailers Commercial Mexican, Gigante, El Palacio de Hierro and Suburbia.

Buy -