STIC Investments and Korea’s NPS to Support CJ Korea Express’s Acquisition of Rokin Logistics (Asia)
Source: Asian Venture Capital Journal | Author(s): Tim Burroughs
Pan-Asia private equity firm STIC Investments and Korea’s National Pension Service (NPS) have agreed to support Korea-based logistics company CJ Korea Express’s acquisition of a majority stake in China-based logistics company Rokin Logistics. The total transaction amount will be KRW455 billion (approximately US$378 million). STIC and NPS will structure their investment through STIC CJ Global Investment Partnership, a fund sponsored by NPS.