Chinese companies' buying spree in the logistics industry, bolstered by the Belt and Road Initiative
https://www.lexology.com/library/detail.aspx?g=f67d9efe-be49-407c-8275-87ad86a8a3a9 Chinese companies' buying spree in the logistics industry, bolstered by the Belt and Road Initiative , is gathering pace, with both the number of deals and the value of those deals hitting a new record in 2017 – with the aggregate amount of Chinese firms' M&A in logistics reaching US32.2 billion through mid-December of 2017, more than double the $12.9 billion seen in all of 2016. Deals have included: Global Logistics Properties – A private equity consortium of Hopu Investment Management, Hillhouse Capital Group, Vanke Group and the financial service investment arm of Bank of China was backed by GLP CEO Ming Mei in its US11.6 billion acquisition of GLP marking Asia’s largest private equity buyout. GLP is Asia’s biggest warehouse operator and boasts a $41 billion portfolio of assets spread across China, Japan, Brazil and the United States. Logicor – China Investment Corp acquired European