Announced
Completed
Financials
Sources
Tags
Acquisition
Friendly
Majority
Industrial Distribution
Domestic
parcel delivery
Private
South Korea
air transportation
Single Bidder
Private Equity
Completed
Synopsis
Daemyung Chemical Group, a fashion and logistics company, completed the acquisition of Logen, a domestic parcel delivery company, from Baring Private Equity Asia, a private equity firm, for $300m. "Logen has benefited from BPEA’s support and guidance throughout its ownership, which was critical in growing the business. As one of the fastest-growing parcel delivery companies in Korea today, we are excited for the future potential of the business following the acquisition,” Jungho Choi, Logen CEO.
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