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The Japan Bank for International Cooperation (JBIC; Governor: HAYASHI Nobumitsu) signed on September 17 a loan agreement with International Logistics Group Limited (ILG)
*1, a U.K. subsidiary of Yusen Logistics Global Management Co., Ltd. (YLGM) engaged in logistics operations, a group company of Nippon Yusen Kabushiki Kaisha (NYK). The loan is co-financed with Sumitomo Mitsui Banking Corporation.
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The loan is intended to provide NYK Group, through ILG, with the funds to acquire Noel Topco Limited (NTL), a U.K.-based holding company that owns 10 subsidiaries, including Global Freight Solutions Limited (GFS), which operates a logistics services business related to e-commerce in the U.K.
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In the e-commerce business, customer needs are becoming increasingly diverse and sophisticated, in response to individual lifestyles and other factors. To meet these needs, strengthening the resilience of the logistics value chain to provide meticulous logistics services has become crucial for enhancing competitiveness. Against this backdrop, GFS, the core operating company of NTL, offers a wide range of Enterprise Carrier Management (ECM) services through its proprietary platform. These services connect the value chain of e-commerce retailers, fulfillment centers, delivery carriers, and end-consumers, facilitating both product delivery and returns. GSF’s ECM services are distinguished by their extensive delivery options and high usability, effectively meeting the increasingly diverse and sophisticated needs of e-commerce customers. Through the acquisition of GFS, which excels in ECM services, YLGM aims to integrate ECM capabilities into ILG’s existing fulfillment business. With this strategic move, YLGM intends to establish a robust foundation for delivering high value-added services in the rapidly growing global e-commerce market.
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The loan will support the NYK Group's efforts to strengthen its overseas logistics operations. The NYK Group seeks to acquire GFS’s ECM services and strengthen its logistics value chain through the acquisition, with YLGM, a group company that aims to build a more robust foundation in the e-commerce logistics sector, serving as the core driver. By providing necessary long-term funds for M&As, the loan will support the Japanese company in expanding its overseas logistics operations and developing new business initiatives, thereby contributing toward maintaining and improving the international competitiveness of Japanese industry.
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As Japan’s policy-based financial institution, JBIC will continue to support overseas M&A activities of Japanese companies and their overseas business expansion in collaboration with private financial institutions.
