M&A Deal Summary

Menlo Worldwide Logistics Acquires Chic Logistics

On October 18, 2007, Menlo Worldwide Logistics acquired transportation company Chic Logistics from ChinaVest for 60M USD

Acquisition Highlights
  • This is Menlo Worldwide Logistics’ 1st transaction in the Transportation sector.
  • This is Menlo Worldwide Logistics’ largest (disclosed) transaction.
  • This is Menlo Worldwide Logistics’ 1st transaction in China.

M&A Deal Summary

Date 2007-10-18
Target Chic Logistics
Sector Transportation
Buyer(s) Menlo Worldwide Logistics
Sellers(s) ChinaVest
Deal Type Add-on Acquisition
Deal Value 60M USD

Target

Chic Logistics

Shanghai, China
Chic Logistics and Chic Supply Chain Management have offices and operations throughout China’s provinces and specialize in one-stop logistics services, from local distribution services, regional distribution services and home delivery services through a complete and modern nationwide supply chain service. Fortune 500 companies around the world look to Chic Logistics for innovative solutions that help plan business strategies in China, improve customer service, accelerate order cycle times, and tighten control of the supply chain-all while reducing costs in transportation, inventory, and order fulfillment.

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Buyer(S) 1

Buyer

Menlo Worldwide Logistics

San Mateo, California, United States

Category Company
Founded 1990
Sector Transportation
DESCRIPTION

Menlo Worldwide, LLC, is a provider of logistics, transportation management and supply chain services with operations in North America and on five continents. As a third-party logistics provider, San Mateo, Calif.-based Menlo Worldwide’s services range from dedicated contract logistics to warehouse and distribution management, transportation management, supply chain re-engineering and other value-added services including packaging, kitting, order fulfillment and light assembly through a strategic network of multi-client and dedicated facilities.


DEAL STATS #
Overall 1 of 1
Sector (Transportation) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (China) 1 of 1
Year (2007) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

ChinaVest

Hong Kong, China

Investor Investor Investor Investor Investor


Category Merchant Bank
Founded 1981
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

ChinaVest is an investment and merchant banking advisory firm based in China. The firm functions as a bridge to Chinese companies and foreign multi-national corporations. ChinaVest operates primarily as a financial intermediary and as a principal investor. As a financial intermediary, ChinaVest assists foreign multinational companies, local Chinese firms, private equity funds and other investors evaluate and execute cross-border transactions. The firm concentrates on mergers and acquisitions, private placements, divestitures, joint ventures, management buyouts, leveraged buyouts and corporate restructuring in both private and public companies. As a principal investor, ChinaVest takes both majority and minority equity stakes in Chinese firms and may also co-invest with hedge funds or private equity funds. ChinaVest was founded in 1981 has offices in Shanghai, China; Beijing, China; Central, Hong Kong and San Francisco, California.


DEAL STATS #
Overall 5 of 7
Sector (Transportation) 2 of 2
Type (Add-on Acquisition) 4 of 4
Country (China) 3 of 4
Year (2007) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-01 AsiaInfo Technologies

Beijing, China

AsiaInfo Technologies is a provider of software and IT services to the telecommunications industry. Incorporating advanced technologies like Cloud and Big Data, company software enables telecom operators to gain a competitive edge. AsiaInfo Technologies was founded in 1993 and is based in Beijing, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-13 AsiaInfo Technologies

Beijing, China

AsiaInfo Technologies is a provider of software and IT services to the telecommunications industry. Incorporating advanced technologies like Cloud and Big Data, company software enables telecom operators to gain a competitive edge. AsiaInfo Technologies was founded in 1993 and is based in Beijing, China.

Sell $890M