Brazil’s Modern Logistics seeks $200m in new investment

Modern Logistics, a freighter-operating Brazilian “integrated logistics” company, is looking for $200m in investments so it can expand. The company, which has four ageing 737 freighters, hired Evercore investment bank last year to find new investors to support its plan to buy more aircraft and build new distribution centres.

Based in  São Paulo state, the company offers storage, air and land transport and distribution. It has a good pedigree: chief executive Gerald Lee (pictured) helped found Azul and was a vice president ...