Teleport Acquired by BlackRock HPS — Logistics M&A

BlackRock HPS has completed the acquisition of Teleport, a logistics other business in Malaysia, for $50m. Teleport operates Southeast Asia logistics and transportation services, supporting parcel delivery growth as part of Capital A. BlackRock HPS acquires Teleport through subscriptions to redeemable convertible perpetual securities, aligning with private equity acquisition structures in logistics M&A. The add on acquisition is BlackRock HPS acquisitions’ first Asia private credit deal since BlackRock acquired HPS Investment Partners, with Teleport valued at about $500m. Teleport’s institutional equity round took nearly a year, and management expects a potential IPO within five years.