<article>CITIC Capital Partners, the private equity arm of CITIC Capital Holdings Ltd, has acquired a 33 per cent stake in packaging solutions provider China Merchants Loscam from Sinotrans Limited for an undisclosed amount.</article>

CITIC Capital Partners, the private equity arm of CITIC Capital Holdings Ltd, has acquired a 33 per cent stake in packaging solutions provider China Merchants Loscam from Sinotrans Limited for an undisclosed amount.
This is the fifth carve-out deal in the last two years by CITIC Capital.
The stake sale by Sinotrans is a part of the Chinese logistics company strategy of focusing on its core business, an announcement said on Thursday.
Following the transaction conducted through CITIC&#8217;s China buyout fund, Sinotrans will hold 45 per cent in Loscam while another investor will hold the remaining 22 per cent stake in the company.
Established in 1942 and operating in 12 countries throughout the Asia-Pacific, Loscam engages in the leasing and pooling of pallet and other returnable packaging equipment.
It claims that its solutions help to modernise retail and manufacturing supply chains by minimising the handling of products as they move through the logistics flow.
Loscam claims to have leading market position in Australia, New Zealand, Southeast Asia and Greater China.
China is one of the fast-growing markets, and leasing propensity and pooling model are still relatively new compared with other developed markets, said Yichen ZHANG, Chairman &amp; CEO of CITIC Capital. He added that the private equity firm sees huge growth potential in China with adoption of pooling model to improve supply chain efficiency and standardisation.
CITIC Capital, which currently manages $6 billion of committed capital, recently completed carve-out deals including McDonald’s business in mainland China and Hong Kong, sexual wellness company LifeStyles, Wall Street English, and financial information database operator Global Marketing Intelligence Division.
Latham &amp; Watkins LLP served as legal counsel to CITIC Capital for the latest deal.
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CITIC Capital Partners acquires 33% stake in packaging solutions provider China Merchants Loscam from Sinotrans Limited for an undisclosed amount.

CITIC Capital acquires 33% stake in Chinese packaging company Loscam

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CITIC Capital acquires 33% stake in Chinese packaging company Loscam

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