Mubadala finalizes 30% stake in Hong Kong-based pallet pooling Loscam

Abu Dhabi sovereign wealth firm Mubadala finalized the acquisition of a 30% stake in Hong Kong-based pooling and packaging solutions provider Loscam International Holdings through its subsidiary Mamoura Diversified Global Holdings, the National reports, citing a company statement.

Refresher: Mubadala had inked a share purchase agreement to acquire the stake back in June, for a total of USD 566.6 mn (RMB 4.1 bn), based on a company valuation of RMB 11.8 bn on 31 December, 2024.

Who owns what? Mubadala and the private equity arm of China-focused alternative investment firm CITIC Capital, Trustar International, will each hold a 30% stake in the company, while Asian private equity firm FountainVest and China Merchants Group’s Sinotrans will each own 20% of the firm.

Where will the money go? The investment will strengthen Loscam’s global expansion and promote a new model of collaboration in the logistics packaging equipment industry, Sinotrans Vice President Li Shichu said. He added that the firm’s diversified shareholder base will bring a broader global outlook and improved access to capital.

REMEMBER- Mubadala’s acquisition of a stake in Loscam represents a major expansion of its logistics portfolio, which currently includes Australian Logistics Platform and PCI Pharma Services. It aligns with the fund’s strategy to diversify into resilient, asset-backed sectors with long-term growth prospects, while capitalizing on rising demand for efficient and sustainable logistics systems in fast-growing markets.

ALSO FROM MUBADALA-

The fund acquired 60.3% of Brazilian infrastructure firm Invepar’s subsidiary Linha Amarela (Lamsa), which manages Rio de Janeiro’s expressway, through a BRL 349.8 mn (AED 238.2 mn) debt-to-equity swap, with the Brazilian infrastructure company set to keep the remaining shares, according to a statement (pdf).