M&A Deal Summary

Li & Fung Acquires RT Sourcing Asia

On July 1, 2008, Li & Fung acquired business services company RT Sourcing Asia from Affinity Equity Partners

Acquisition Highlights
  • This is Li & Fung’s 3rd transaction in the Business Services sector.
  • This is Li & Fung’s 6th transaction in China.

M&A Deal Summary

Date 2008-07-01
Target RT Sourcing Asia
Sector Business Services
Buyer(s) Li & Fung
Sellers(s) Affinity Equity Partners
Deal Type Add-on Acquisition

Target

RT Sourcing Asia

Quarry Bay, China
RT Sourcing Asia Ltd enages in International sourcing, product design and development company in Hong Kong

Search 214,239 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

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 13 of 30
Sector: Business Services M&A 3 of 3
Type: Add-on Acquisition M&A Deals 10 of 27
Country: China M&A 6 of 13
Year: 2008 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-18 Silvereed Group

Kowloon Bay, China

Silvereed Group a virtual manufacturer with focus on design and product development of ladies fashion garments.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-22 Wilson & Wong Trading Company

Kowloon, China

Wilson & Wong Trading Company one of the important silk fabric trader in Hong Kong, Wilson and Wong always keep ahead on silk textile fabric, product design, development, producing and marketing.

Buy -

Seller(S) 1

SELLER

Affinity Equity Partners

Hong Kong, China

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 14.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Affinity Equity Partners is an independent private equity firm focused on traditional buyout and control oriented investments across Asia-Pacific valued up to US$1 billion. Sectors of interest include businesses in consumer-related goods and services, value-added manufacturing, healthcare, financial services and business services. Affinity prefers companies with an established track record as well as proven, consistent earning power and cash flow generating ability. Affinity will not consider investments in real estate, biotechnology, tobacco, oil and gas exploration, and weaponry development and sales. Affinity Equity Partners was spun out of UBS Capital Asia Pacific in 2004 and is headquartered in Hong Kong.


DEAL STATS #
Overall 3 of 24
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 14
Country: China M&A 1 of 4
Year: 2008 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-22 Halla Holdings

Seoul, South Korea

Halla Holdings is an auto components manufacturer, producing brake components and systems, steering components and systems, suspension components and modules, air bags and casings. Halla Holdings was founded in 1962 and is based in Seoul, South Korea.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-06 Oriental Brewery Co.

Seoul, South Korea

Oriental Brewery is a provider of breweries in South Korea with a dominant position in the Seoul Metropolitan Area and with a strong portfolio of brands including Cass, OB Blue and Cafri.

Buy $1.8B