CVC Capital Partners Fund VIII has agreed to buy a majority stake in Scan Global Logistics (SGL), a fast-growing global transport and logistics business based in Denmark.
CVC will acquire the company’s controlling stake from an investment group managed by AEA Investors Small Business Private Equity (AEA).
With over US$3 billion in revenue, SGL provides a full range of end-to-end services from over 150 facilities in 45 countries and over 3,300 logistics specialists.
Since 2017, the firm has achieved an average annual sales increase of 33%, driven by above-market organic growth paired with more than 30 acquisitions, according to a statement.
SGL’s portfolio includes end-to-end logistics and freight forwarding solutions tailored to each area, vertical, and individual customer.
“We are ambitious and believe that we can reach our revenue target of more than US$5 billion during the next few years by continuing to leverage our entrepreneurial culture, agile decision making, and high customer satisfaction obtained through tailored competitive logistics solutions,” stated Allan Melgaard, CEO and co-founder of SGL.
The transaction’s financial details have not been published. The acquisition, which is subject to regulatory clearance and certain financial requirements, is scheduled to conclude in the second quarter of 2023.
