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Asia Financial – EmergeVest Explores Acquisition Targets For EV Cargo

2022 (July-) In The News
Hong Kong-based investment firm EmergeVest is exploring potential acquisition targets for portfolio firm EV Cargo, founder and chief executive Heath Zarin said.

EmergeVest tapped investment banks last year to explore strategic options for EV Cargo, according to people familiar with the situation and media reports at the time.

The possibilities included a sale or initial public offering of shares, either of which were expected to value it at $1.5 billion to $2 billion, they said.

“We continue to evaluate and consider all strategic options to drive ongoing delivery of EV Cargo’s corporate growth strategy,” Zarin said in an emailed note.

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