Mubadala Investment Company, through its subsidiary Mamoura Diversified Global Holdings, has signed a share purchase agreement to acquire a 30% stake in Hong Kong-headquartered Loscam International Holdings for USD 566.6 million (RMB 4.1 billion), according to a company disclosure.
The deal is based on a company valuation of RMB 11.8 billion as of 31 December 2024. It marks a significant expansion of Mubadala’s presence in the global logistics and supply chain infrastructure sector.
About Loscam
Founded in Hong Kong, Loscam offers pallet pooling and returnable packaging solutions, including leasing, maintenance, and cleaning services, which support the transportation of goods across Australia, New Zealand, Southeast Asia, and Greater China.
As of year-end 2024, Loscam reported net assets of RMB 5.7 billion (approximately USD 795 million) and net income of RMB 477 million (approximately USD 66.6 million), representing a 4% year-over-year increase.
Shareholder Reshuffle
Under the agreement:
- China Merchants Shipping will divest a 25% stake
- CITIC Capital Maneuver will sell 3%
- FV Pallet will offload 2%
Following the transaction, Mubadala and CITIC Capital will become Loscam’s largest shareholders, each holding a 30% stake. China Merchants Shipping will retain 20%, and FV Pallet will have 20%.
Strategic Expansion in Logistics
This acquisition aligns with Mubadala’s strategy to expand into resilient, asset-backed industries with long-term growth potential. The investment strengthens its logistics portfolio, which already includes the Australian Logistics Platform and PCI Pharma Services, and taps into rising demand for sustainable and efficient transport systems in high-growth markets.
