M&A Deal Summary

Li & Fung Acquires Swire & Maclaine

On December 29, 1999, Li & Fung acquired business services company Swire & Maclaine from Swire Pacific

Acquisition Highlights
  • This is Li & Fung’s 1st transaction in the Business Services sector.
  • This is Li & Fung’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 1999-12-29
Target Swire & Maclaine
Sector Business Services
Buyer(s) Li & Fung
Sellers(s) Swire Pacific
Deal Type Divestiture

Target

Swire & Maclaine

London, United Kingdom
Swire & Maclaine is a provider of product sourcing and quality assurance services. Products sourced include garments and a range of hard goods such as toys, furniture, gifts, cookware and cutlery. Swire & Maclaine currently has 12 offices in Asia, a service centre in the US and 11 quality control hubs covering some 31 production markets.

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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 2 of 30
Sector: Business Services M&A 1 of 3
Type: Divestiture M&A Deals 2 of 3
Country: United Kingdom M&A 1 of 5
Year: 1999 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-12-29 Camberley Enterprises

Hong Kong, China

Camberley is an apparel company that acts as a virtual manufacturer of high quality ladies' sportswear, ready-to-wear fashion, and home accessories. Its customers are retailers, fashion brands and designer labels in the United Kingdom, the United States and Japan. Camberley undertakes design, produces patterns, makes samples, secure raw materials and accessories in its own facilities and then sub-contracts the manufacturing of the apparel itself to factories in Shenzhen, China.

Buy -
FOLLOWING 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

Seller(S) 1

SELLER

Swire Pacific

Central, China

Category Company
Founded 1816
Sector Business Services
Employees78,000
Revenue 94.8B HKD (2023)
DESCRIPTION

Swire Pacific is an entity with diversified interests in five operating divisions: property, aviation, beverages, marine services and trading & industrial. Swire Pacific was founded in 1816 and is based in Central, China.


DEAL STATS #
Overall 2 of 4
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 2 of 3
Country: United Kingdom M&A 1 of 1
Year: 1999 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-12-29 Camberley Enterprises

Hong Kong, China

Camberley is an apparel company that acts as a virtual manufacturer of high quality ladies' sportswear, ready-to-wear fashion, and home accessories. Its customers are retailers, fashion brands and designer labels in the United Kingdom, the United States and Japan. Camberley undertakes design, produces patterns, makes samples, secure raw materials and accessories in its own facilities and then sub-contracts the manufacturing of the apparel itself to factories in Shenzhen, China.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-08 Qinyuan Bakery

China

Qinyuan Bakery is a retail bakery chain in Southwest China with Chongqing, Guizhou, and Sichuan as three main markets. Qinyuan bakery offers a variety of bakery products and festival products with a modern, healthy, and family-oriented concept. Qinyuan Bakery was founded in 1989 and is based in China.

Buy -