SingPost - SingPost is acquiring TradeGlobal from private equity firm, Bregal Sagemount for US$168.6m ($236m), in what will be the group’s largest acquisition to date.
As a guide, TradeGlobal is one of the top five end-to-end eCommerce players in the US that offers a full spectrum of eCommerce services from website design, content management, marketing and analytics, to fulfilment and logistics. The group’s clients include leading brands in the fashion, beauty and lifestyle markets.
The acquisition could see SingPost’s clients in Asia Pacific leveraging on the improved network to expand their businesses into the US, while TradeGlobal’s clients will have access to the fast growing eCommerce landscape in Asia Pacific.
Going forward, analysts are predicting that acquisitions could gather pace given SingPost's $566m cash war chest as at the end of Jun.
With second largest shareholder, Alibaba boosting its e-commerce credentials, SingPost could very well take on the mantle of a promising regional player in the near future when deliveries attain a critical mass.
The stock continues to sit on Market Insight’s growth portfolio. Overall, the street has 5 Buy and 4 Hold ratings with a consensus TP of $2.17.
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