M&A Deal Summary

UPS Acquires Marken

On November 7, 2016, UPS acquired transportation company Marken from Apax

Acquisition Highlights
  • This is UPS’s 11th transaction in the Transportation sector.
  • This is UPS’s 4th transaction in the United Kingdom.

M&A Deal Summary

Date 2016-11-07
Target Marken
Sector Transportation
Buyer(s) UPS
Sellers(s) Apax
Deal Type Add-on Acquisition
Advisor(s) UBS Investment Bank (Financial)

Target

Marken

London, United Kingdom
Market Ltd. is a logistics and support services to the pharmaceutical industry fulfilling a key role in the early phase II and III stages of research and drug development.

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Buyer(S) 1

Buyer

UPS

Atlanta, Georgia, United States

Category Company
Founded 1907
Sector Transportation
Employees500,000
Revenue 91.0B USD (2023)
DESCRIPTION
Entrance to UPS' headquarters in Atlanta, Georgia.
Entrance to UPS' headquarters in Atlanta, Georgia.

UPS is a provider of logistics, offering a broad range of solutions including the transportation of packages and freight; the facilitation of international trade, and the deployment of advanced technology to more efficiently manage the world of business. UPS serves more than 220 countries and territories worldwide. UPS was founded in 1907 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 15 of 23
Sector (Transportation) 11 of 17
Type (Add-on Acquisition) 14 of 21
Country (United Kingdom) 4 of 5
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-31 Coyote Logistics

Chicago, Illinois, United States

Coyote Logistics provides truckload brokerage services by utilizing an asset-light model to contract truckload shipments between shipping customers and trucking companies without directly owning any trucks. Coyote Logistics was formed in 2006 and is based in Chicago, Illinois.

Buy $1.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-09 Freightex

Dover, United Kingdom

Freightex Ltd. is a U.K.-based asset-light provider of truckload, less-than-truckload, specialized and refrigerated over-the-road services. Freightex specializes in European cross-border routes via a team of experienced freight professionals who provide customers with excellent prices and excellent service levels. The Freightex carrier network, which includes a dedicated fleet, helps provide customers with a full range of vehicle types. Freightex embraces technology to optimize traffic flows and to ensure that it uses available truck capacity to maximum effect.

Buy -

Seller(S) 1

SELLER

Apax

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 77.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apax Partners is a mega-sized private equity investment group, operating across the United States, Europe, Israel and Asia. Broad industry sectors of interest include tech & telecom, media, retail & consumer, healthcare, financial services, and business services. Apax will consider both minority and majority investment positions and prefers companies with strong market positions and growth potential. The Firm generally pursues platform acquisitions valued from $1 to $5 billion. Apax Partners was formed in 1981 and is based in London.


DEAL STATS #
Overall 118 of 172
Sector (Transportation) 1 of 2
Type (Add-on Acquisition) 45 of 60
Country (United Kingdom) 20 of 24
Year (2016) 9 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-04 Vyaire Medical

Mettawa, Illinois, United States

Vyaire Medical supports and improves the lives of patients with a laser focus on improving patient outcomes and increasing value for customers. The company was to serve healthcare customers with innovative device and service solutions across the respiratory and anesthesia continua of care. Vyaire's legacy brands have a 65-year track record of pioneering, innovating, and advancing respiratory diagnostics, ventilation, and anesthesia delivery & patient monitoring. From industry-pioneering brands that include Bird, Bear, and Jaeger to respected industry leaders AirLife, Vital Signs, Viasys, and many others - Vyaire Medical has nearly 27,000 distinct part numbers recognized, trusted, and preferred by specialists in the respiratory therapy and anesthesiology healthcare markets worldwide. Vyaire Medical was formed in 2016 and is based in Mettawa, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-01 ClearBank

London, United Kingdom

ClearBank is a clearing and agency banking platform serves fintech businesses and banks, and offers the UK banking industry’s first and only real-time, straight-through clearing capability. ClearBank was founded in 2015 and is based in London, United Kingdom.

Buy -