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
Website
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.
| Acquirer | Date | Type | Price |
|---|---|---|---|
| 22 Dec 2021 | Strategic 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
| Date | Stage | Valuation |
|---|---|---|
| Jun 2019 | Undisclosed stage | $1.4B |
LF Logistics Funding History
LF Logistics has raised a total of $300M across 1 funding round.
LF Logistics funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2019 | Undisclosed stage | Temasek (lead) | $300M | $1.4B | LF 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialLF 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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $5.1B | $901M | $4.1B | 1.7x | ||
| Private | $42M | $32M | $765M | 18.2x | ||
| Publicly listed | $1.6B | $508M | $3.6B | 2.0x | ||
| Publicly listed | $456M | $223M | $3.7B | 7.2x | ||
| Publicly listed | $1B | $303M | $3.7B | 4.1x | ||
| Private | - | - | $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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.6B | $508M | 2.1x | 2.0x | 6.6x | 5.9x | |||
| $456M | $223M | 8.2x | 7.2x | 16.7x | 15.1x | |||
| $1B | $303M | 4.2x | 4.1x | 14.4x | 7.2x | |||
| $8.3B | $616M | 0.5x | 0.5x | 7.1x | 6.2x | |||
| $3.1B | $436M | 1.5x | 1.4x | 10.3x | 9.6x | |||
| $1.8B | $633M | 2.2x | 2.2x | 6.1x | 17.2x | |||
| $1.1B | $80M | 2.9x | 2.7x | 40.1x | 38.9x | |||
| $5.7B | $36M | 0.7x | 0.6x | 112.1x | 31.7x | |||
This data is available for Pro users. Sign up to see all LF Logistics competitors and their valuation data. Start Free Trial | ||||||||
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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