Deals targeting logistics companies in China have delivered the best start to the year on record, generating bumper profits for private equity firms.
About $5.5 billion worth of acquisitions of Chinese logistics firms have been announced so far this year, the strongest first quarter ever, according to data compiled by Bloomberg. Warburg Pincus LLC and MBK Partners are among the firms that have recently profited from selling their stakes in companies in the red-hot sector.
