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Announced

Completed

Hidden Hill Capital completed the acquisition of a 10% stake in China Southern Airlines Cargo Logistics from China Southern Airlines for $114m.

Financials

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Transaction Value£85m
Consideration TypeCash
Capital Owned-
Capital Bid For10%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

air cargo

Acquisition

Minority

Private Equity

Single Bidder

China

Private

Freight Forwarding

Friendly

Domestic

Synopsis

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Hidden Hill Capital, an investment firm, completed the acquisition of a 10% stake in China Southern Airlines Cargo Logistics, a logistics company, from China Southern Airlines, an airline company, for $114m. “When we pursue mixed-ownership reform, we are seeking valuable insights and a vision to improve corporate governance and procedures to enhance our international competitiveness. We choose partners that understand the various elements of the logistics ecosystem and bring us a great wealth of knowledge that we can leverage across our four major business sectors — air cargo, modern warehousing, supply chain management, and e-commerce,” He Xiaoqun, China Southern Airlines Logistics Chairman.

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