Announced
Completed
Financials
Tags
Completed
air cargo
Acquisition
Minority
Private Equity
Single Bidder
China
Private
Freight Forwarding
Friendly
Domestic
Synopsis
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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