BEST Global Partners to acquire BEST Inc. in a 'Going Private' transaction

Jun 20, 2024•over 1 year ago

Acquiring Company

BEST Global Partners

Acquired Company

BEST

Cayman IslandsSupply Chain ManagementLogistics

Description

BEST Inc., a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia, has entered into a definitive agreement for a 'Going Private' transaction with BEST Global Partners, implying an equity value of approximately US$54.2 million.

Company Information

Company

BEST Global Partners

Location

Cayman Islands

About

BEST Global Partners is an exempted company with limited liability incorporated under the laws of the Cayman Islands. It is the parent company that is leading the acquisition of BEST Inc. and will become the indirect, wholly owned subsidiary of Parent, which will be owned by the Consortium members including Mr. Shao-Ning Johnny Chou, Mr. George Chow, Alibaba Investment Limited, and others.

M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed

BEST Global Partners to acquire BEST Inc. in a 'Going Private' transaction

Description

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M&A Insights

Company Information