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Announced

Golden Lincoln Holdings to acquire Li & Fung for $931m.

Financials

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Transaction Value£783m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales2.7x
EV/EBITDA-
Share Price Premium72.7%
One Off Charge-

Tags

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Public

Single Bidder

Majority

Acquisition

supply chain management

Friendly

Pending

Hong Kong

supply chain

Privatisation

Third Party Logistics (3PL)

Synopsis

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Golden Lincoln Holdings, an entity formed by Li & Fung’s controlling shareholders and Singaporean warehousing and logistics firm GLP, is set to acquire Li & Fung, a logistics group for $931m. Golden Lincoln is ultimately controlled by the Fung family holding 60% of voting shares, with GLP holding the remaining 40% of voting shares and 100% of non-voting shares. GLP has effective economic ownership of 67.67% of the buyer as a result.

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