Baring Asia Acquires Logen Co., Ltd

Leveraged buyout of South Korean domestic parcel delivery firm.

Baring Private Equity Asia (“Baring Asia’) announced today that funds advised by Baring Asia have acquired Logen Co., Ltd (“Logen”), one of the leading domestic parcel delivery companies focused on small and mid‐volume customers in South Korea.

Logen is the market leader in the niche segment of the parcel delivery market that focuses on small to mid‐volume customers. Over the past 14 years Logen has built an extensive nationwide network of 7 terminals, 2 sub‐terminals, 215 agencies and 4,353 truck drivers, handling over 100 million parcels in 2012.
Dar Chen, Managing Director at Baring Asia, said, “South Korea has the highest online retail and high‐speed broadband penetration rate in the world. We expect the parcel delivery industry to continue to be the beneficiary of these favorable macro trends.”

Han Chul Kim, Principal at Baring Asia, said, "Logen has created an impressive nationwide infrastructure and scale that provide a strong platform for further growth. We look forward to working with the management team to continue the firm’s impressive development.”

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