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Denmark’s Scan Global Logistics (SGL) announced today to have partnered with CVC Capital Partners “to further accelerate” its international growth push.

“CVC Capital Partners Fund VIII (CVC) has agreed to acquire a majority shareholding in the company from an investor group led by AEA Investors Small Business Private Equity (AEA),” the company said today.

With revenues of more than $3bn, SGL offers a “full suite of end-to-end services across +150 locations in 45 countries and through +3,300 logistics professionals”.

In his prepared remarks, CEO and co-founder of SGL Allan Melgaard said:

“Our people are our most valuable asset. We want to become the industry’s preferred workplace, attracting the best talent with a defined ambition of becoming the most purpose-driven logistics company in the world. We are ambitious and believe that we can reach our revenue target of more than $5bn 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.”

Financial terms of the deal are not disclosed. The transaction is expected to close in Q2 2023 and is subject to regulatory approval. Barclays advised SGL, while Rothschild served as the exclusive advisor to CVC.

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