Mubadala to acquire a significant stake in Loscam Int’l: Mubadala Investment’s subsidiary Mamoura Diversified Global Holdings signed a share purchase agreement to acquire a 30% stake in Hong Kong-headquartered pallet pooling and returnable packaging company Loscam International Holdings, for a total of USD 566.6 mn (RMB 4.1 bn), according to a disclosure (pdf). The purchase price was based on a company valuation of RMB 11.8 bn on 31 December 2024.

Meet Loscam: The company provides pallet and returnable packaging solutions, including leasing, maintenance, cleaning, and related services for goods transport across Australia, New Zealand, Southeast Asia, and Greater China, according to its website. The company is currently 45% owned by China Merchants Shipping, 33% by CITIC Capital Maneuver, and 22% by FV Pallet. As of the end of last year, Loscam’s net assets amounted to RMB 5.7 bn (USD 795 mn). Also, its net income rose 4% y-o-y to RMB 477 mn (USD 66.6 mn) in 2024.

The sellers? China Merchants Shipping will sell a 25% stake, CITIC Capital Maneuver will divest 3%, and FV Pallet will offload 2%. This makes Mubadala and CITIC the largest shareholders in the company, with each holding a 30% stake.

Mubadala’s acquisition of a stake in Loscam marks a significant expansion of its logistics portfolio, deepening its exposure in the global supply chain and infrastructure space beyond its existing investments, which currently include Australian Logistics Platform and PCI Pharma Services. The move also aligns with Mubadala’s broader push to diversify into resilient, asset-backed sectors with long-term growth potential, while tapping into the demand for more efficient, sustainable logistics systems in fast-growing markets.

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