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  5. Li & Fung Acquires Colby Group Holdings

M&A Deal Summary

Li & Fung Acquires Colby Group Holdings

On November 8, 2000, Li & Fung acquired apparel/textiles company Colby Group Holdings for 2.2B HKD

Acquisition Highlights
  • This is Li & Fung’s 2nd transaction in the Apparel/Textiles sector.
  • This is Li & Fung’s 2nd largest (disclosed) transaction.
  • This is Li & Fung’s 1st transaction in Virgin Islands (British).

M&A Deal Summary
Date 2000-11-08
Target Colby Group Holdings
Sector Apparel/Textiles
Buyer(s) Li & Fung
Deal Type Add-on Acquisition
Deal Value 2.2B HKD

Target

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.

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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 3 of 30
Sector: Apparel/Textiles M&A 2 of 18
Type: Add-on Acquisition M&A Deals 1 of 27
Country: Virgin Islands (British) M&A 1 of 1
Year: 2000 M&A 1 of 1
Size (of disclosed) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-12-29 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-07-09 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.

Buy $32M
Mergr

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