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New Deal


Announced

Completed

DP World completed the acquisition of syncreon from GenNx360, Beringea and Centerbridge for $1.2bn.

Financials

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Transaction Value£867m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales1.1x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

United States

Single Bidder

Majority

Cross Border

Private

Acquisition

logistics provider

Storage Terminals

Completed

Private Equity

Synopsis

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DP World, a provider of worldwide smart end-to-end supply chain logistics, completed the acquisition of syncreon, a global logistics provider, from GenNx360, Beringea and Centerbridge for $1.2bn. “We are delighted to announce the acquisition of syncreon, which adds significant strategic value to DP World given its strong logistics solutions capability, and will allow DP World to deliver end-to-end solutions to cargo owners," Sultan Ahmed Bin Sulayem, DP World Chairman and CEO.

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