LF Logistics Acquisition, Valuation, Funding & Investors

LF Logistics was acquired by Maersk for $3.6B in December 2021.

LF Logistics acquisition price

$3.6B

Acquired by Maersk · Dec 2021

Cumulative funding LF Logistics raised

$300M

across 1 funding round

Key investors in LF Logistics

  • Temasek

LF Logistics Overview

About LF Logistics

LF Logistics is a Hong Kong-headquartered provider of end-to-end supply chain solutions across Asia-Pacific. The company operates 300 warehouses totaling 10 million square meters, serving fast-moving consumer goods, food and beverage, apparel, footwear, and retail sectors. Collaborating with 400 brands like Unilever and Nike, LF Logistics manages transportation via 8,000 vehicles and offers e-commerce fulfillment from facilities in China, Vietnam, Thailand, and India.


Founded

1999

HQ

Hong KongHong Kong

Status

Acquired

Customer focus

B2B

Revenue model

Services

Valuation

$1.4B (Jun 2019)

LF Logistics Acquisition

LF Logistics was acquired by Maersk for $3.6B on 22 December 2021.

Before the acquisition LF Logistics had raised $300M across 1 funding round.

LF Logistics acquisition details
AcquirerDateTypePrice
22 Dec 2021Strategic M&A$3.6B

LF Logistics Valuation

LF Logistics is currently valued at $1.4B, based on its undisclosed-stage round in June 2019.

The $300M round was led by Temasek.

LF Logistics valuation by funding round

LF Logistics valuation by funding round
DateStageValuation
Jun 2019Undisclosed stage$1.4B

LF Logistics Funding History

LF Logistics has raised a total of $300M across 1 funding round.

LF Logistics funding rounds

LF Logistics funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2019Undisclosed stageTemasek (lead)$300M$1.4BLF Logistics, a subsidiary of Li & Fung, is a third-party logistics provider with strong operations in Asia, focusing on in-country logistics services, e-logistics, and expansion in markets like China, ASEAN, Japan, Korea, and India. The company has achieved multiple-year double-digit organic growth driven by e-commerce demand, domestic consumption in China, and accelerated development in new geographies. On 28 June 2019, Temasek Holdings, through its subsidiary Dahlia Investments Pte. Ltd., invested US$300 million for approximately 21.7% stake in LF Logistics, implying a post-money equity valuation of approximately US$1.4 billion. Li & Fung retained a controlling 78.3% stake post-investment. The deal completed on 8 August 2019, subject to regulatory approvals, postponing a previously planned spin-off IPO. Proceeds from the investment were designated to fund capital expenditures, repay bank facilities, and accelerate business growth initiatives, enhancing Li & Fung's capital structure and financial flexibility. LF Logistics demonstrated robust performance in the first half of 2019 with double-digit top-line and bottom-line growth in in-country services, particularly in China due to e-commerce and first-mover advantages in e-logistics. The investment valued LF Logistics at a price-to-earnings ratio as noted in HKEX filings, with net asset value of US$445.6 million as of 31 December 2018.

Who has invested in LF Logistics?

1 investor has backed LF Logistics across its funding rounds, including Temasek.

Lead investors include Temasek.


LF Logistics Investors

Investors in LF Logistics by funding rounds participated
InvestorHQRoundsRoleFirst check

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LF Logistics Competitors

LF Logistics competitors include listed companies like Agility Global, Zhonggu Logistic, SAL Logistics and Star Bulk Carriers, and private ones like Associated Danish Ports and LexxPluss.

Public and private companies comparable to LF Logistics
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Agility GlobalUAEUAEPublicly listed$5.1B$901M$4.1B1.7x
Associated Danish PortsDenmarkFredericiaPrivate$42M$32M$765M18.2x
Zhonggu LogisticChinaChinaPublicly listed$1.6B$508M$3.6B2.0x
SAL LogisticsSaudi ArabiaSaudi ArabiaPublicly listed$456M$223M$3.7B7.2x
Star Bulk CarriersGreeceGreecePublicly listed$1B$303M$3.7B4.1x
LexxPlussJapanKawasakiPrivate--$3.8B-

LF Logistics Public Comps

LF Logistics is no longer listed, but its public comps include Zhonggu Logistic, SAL Logistics, Star Bulk Carriers, STO Express, Mainfreight, Mitsubishi Logistics, Delhivery, RXO, Container Corp of India and SiteOne.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Zhonggu Logistic$1.6B$508M2.1x2.0x6.6x5.9x
SAL Logistics$456M$223M8.2x7.2x16.7x15.1x
Star Bulk Carriers$1B$303M4.2x4.1x14.4x7.2x
STO Express$8.3B$616M0.5x0.5x7.1x6.2x
Mainfreight$3.1B$436M1.5x1.4x10.3x9.6x
Mitsubishi Logistics$1.8B$633M2.2x2.2x6.1x17.2x
Delhivery$1.1B$80M2.9x2.7x40.1x38.9x
RXO$5.7B$36M0.7x0.6x112.1x31.7x

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Common questions about LF Logistics

When was LF Logistics founded?LF Logistics was founded in 1999.
Where is LF Logistics headquartered?LF Logistics is headquartered in Hong Kong, Hong Kong.
Is LF Logistics publicly listed?No, LF Logistics was acquired by Maersk in December 2021.
Who acquired LF Logistics?LF Logistics was acquired by Maersk in December 2021.
How much was LF Logistics acquired for?LF Logistics was acquired for $3.6B in December 2021.
What is LF Logistics' valuation?LF Logistics was last valued at $1.4B in its undisclosed-stage round in June 2019.
How much funding has LF Logistics raised?LF Logistics has raised $300M across 1 funding round.
What was LF Logistics' last funding round?LF Logistics' last funding round was a $300M undisclosed-stage round in June 2019, led by Temasek.
Who are LF Logistics' investors?LF Logistics' investors include Temasek.
Which companies are comparable to LF Logistics?Companies comparable to LF Logistics include Agility Global, Associated Danish Ports, Zhonggu Logistic, SAL Logistics, Star Bulk Carriers and LexxPluss.

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