DCP Capital Acquires Sun Art Retail Group from Alibaba

Investcorp and China Resources Acquire Majority Stake in City Super Group

September 8, 2020

Retail

Investcorp and China Resources Capital Management (with participation from Fung Strategic Holdings) agreed to acquire a majority ownership position in City Super Group, while existing shareholders including Fenix Group and the Lane Crawford Joyce Group will retain a 35% stake. The deal — subject to PRC merger control approval and expected to close in Q4 2020 — aims to accelerate City Super Group's expansion across Greater China and Asia while keeping the current management team in place.

Sun Capital Affiliate Acquires Century Distribution Systems

June 2, 2021

Logistics & Distribution

An affiliate of private equity firm Sun Capital Partners has completed the acquisition of Century Distribution Systems, a global digital logistics provider offering supply chain management and freight forwarding services. Sun Capital said it will apply its corporate carve-out and operational expertise to drive performance and pursue strategic add-on opportunities to broaden Century's capabilities; terms were not disclosed.

Alibaba and Baring Private Equity Asia Lead $400M Investment in Masan's The CrownX

May 18, 2021

Retail

A consortium led by Alibaba Group and Baring Private Equity Asia agreed to acquire a 5.5% stake in The CrownX for USD 400 million, implying a pre-money valuation of about USD 6.9 billion. The investment includes a strategic cooperation agreement with Lazada to accelerate The CrownX's offline-to-online (O2O) capabilities and expand its digital grocery ecosystem across Vietnam.

DMC Global Acquires 60% Controlling Interest in Arcadia Inc.

December 17, 2021

Building Products

DMC Global has signed a definitive agreement to acquire a 60% controlling interest in Arcadia Inc. for $282.5 million (cash and stock), with an option to acquire the remaining 40% over three years. The acquisition expands DMC's portfolio into architectural building products and will add Arcadia's ~850 employees and ~$246 million in trailing sales to DMC's operations.

Red Arts Capital and Prudential Private Capital Acquire Granite Creek's Stake in Sunset Pacific Transportation

July 21, 2022

Logistics & Distribution

Red Arts Capital and Prudential Private Capital acquired Granite Creek Capital Partners' minority equity stake and repaid subordinated debt in Sunset Pacific Transportation as part of a recapitalization. The transaction preserves Red Arts’ partnership with Sunset Pacific and brings additional capital to expand the carrier’s service capacity following prior growth and the acquisition of Radius Logistics.

Bain Capital to Take Chindata Group Private

August 11, 2023

Infrastructure

Bain Capital signed a definitive agreement to acquire all outstanding shares of Chindata Group Holdings Ltd, taking the Asia‑Pacific hyperscale data‑center operator private at US$4.30 per ordinary share (US$8.60 per ADS). The transaction, supported by existing and new investors, values the company at roughly $3.16 billion and is intended to provide long‑term control and capital to support Chindata's continued expansion and operations across the region.