That’s the most recurring question in our logistics circles, mainly spanning: targets for the logistics integrators (no concrete rumours so far); which freight forwarder is soon to be targeted (several unreliable suggestions, but some obvious names stand out); an apparent lack of combinations elsewhere in container shipping that brings only hypothetical scenarios to the fore (one is particularly explosive, but the fireworks are for another time).
So here’s a shortlist of some …
The post M&A...
Let’s set the record straight: the K + N + Apex deal value – let alone the transaction structure/funding mix – has been one of the most sought-after pieces of information in our M&A circles.
And it couldn’t be any different. Because Kuehne + Nagel (K+N) since well over a decade ago had invested, on...
Now then, this all looks veeeeery familiar.
Market talk
Bloomberg this week reported that AP Møller Mærsk (APMM) might be looking to sell off its reefer manufacturing subsidiary Maersk Container Industry (MCI), putting a rich price tag of $1bn on it.
APMM responded in their usual fashion when contacted by Splash247 for a comment.
The narrative twist plus related corporate feedback here:
“A spokesperson for A.P. Moller-Maersk suggested MCI would remain within the group. ‘As a …
The post M&A...
China’s bubbling M&A activity in the port market took another step recently when Cosco Shipping Ports bought a 34.99% equity stake in Tianjin Container Terminal (TCT) – this is simply the latest move in the ongoing merger of terminal capacity in the north-east Chinese port.
It is the latest result in a plan that was hatched around a year ago in which the three owners – Cosco, Tianjin Port Holdings and China …
The post M&A radar: Port mergers whet the appetite for further deals appeared first on T...
https://theloadstar.com/ma-radar-port-mergers-whet-the-appetite-for-further-deals/
In theory, and in practise, taking a box line private works perfectly under a short-term, typically-private equity-minded/driven horizon, assuming cyclical strength is here to stay at least through 2024.
Base case: that assumption looks spot on.
Worst case: it could be disastrous.
Either way, many thanks to a faithful reader who recently went for* the “container shipping + LBO” search on our platform.
(*Rather opportunistically, let me say, yet conveniently from an investment perspective; …
The...
https://theloadstar.com/ma-radar-container-shipping-buyout-seriously/
Denmark’s AP Møller-Mærsk Group (APMM) – which we argued at the end of 2020 had its finger on the M&A trigger – is now rumoured to be ready to deal, chiefly to boost its Less than Container Load (LCL) capabilities.
Rings a bell, doesn’t it?
For the narrative, maybe you recall our exclusive coverage in early September, headed: “APMM hires China veteran, covets air and LCL leadership“.
When contacted earlier today via email (subject: …
The post M&A radar: AP Møller-Mærsk LCL benchmark deal...
https://theloadstar.com/ma-radar-ap-moller-maersk-lcl-benchmark-deal-rumoured-our-shortlist/
The M&A frenzy is alive and well.
And just when you may have thought Europe had regained its M&A pride, following this week’s K + N + Apex news, the spotlight turns again to the Far East.
To curb your enthusiasm: please take what follows with a pinch of salt, as available details for the parties involved are scant.
The latest market talk is that Australia’s Visa Global Logistics, a privately owned logistics …
The post EXCLUSIVE M&A radar: Mondiale + Visa Global Logistics merger rumoured appeared...
https://theloadstar.com/exclusive-ma-radar-mondiale-visa-global-logistics-merger-rumoured/
While delving into the rationale behind a Dachser + Hellmann tie-up, we told you last Thursday that the rainmakers were busy as ever drafting possible combinations in logistics.
Then our own Merger Monday in supply chain came and a rather pleasing M&A announcement with it, which unfortunately we couldn’t predict but luckily, after a rather long wait, it’s from Switzerland’s Kuehne + Nagel – its Apex purchase was preliminarily flagged here …
The post M&A radar: Kuehne + Apex – ‘more to come down...
https://theloadstar.com/ma-radar-kuehne-apex-more-to-come-down-the-track/
As rainmakers are increasingly busy making sense of pro-forma investment tie-ups in logistics, we have often thought takeover under the assumption that only the most aggressive asset-light M&A leader worldwide, DSV Panalpina ($41.5bn market cap), will soon show us where it stands.
Unintended consequences
But with the bread-and-butter deal appetite growing – as proved by several relationship-driven transactions between late 2020 and early 2021 – then the $800m freight sale to TFI International …
T...
https://theloadstar.com/ma-radar-dachser-hellmann-two-birds-with-one-stone/
Calling the SF Holding + Kerry Logistics Network (Kerry) tie-up structure was a bit of a headache – and in fact, to my knowledge, nobody guessed it right earlier this month when the initial rumours emerged.
However, we weren’t far away from winning it last week (here: “Enter the Chinese mammoth and goodbye Kerry Logistics“) when – after gathering meagre market feedback in the wake of a rather disjointed, yet useful, …
The post M&A radar: SF Holding + Kerry – hitting the jackpot via a smart deal...
https://theloadstar.com/ma-radar-sf-holding-kerry-hitting-the-jackpot-via-a-smart-deal-structure/