Fresh juice for Scan Global
Copenhagen (Denmark)-based Scan Global Logistics (SGL) has found allies to fund its ambitious expansion plans. The company has sold the majority of its shares to CVC Capital Partners Fund VIII (CVC) via its original investor group led by AEA Investors Small Business Private Equity (AEA).
By a policy of acquisitions over the last five years, SGL now generates revenues of more than USD 3 billion, has about 150 locations in 45 countries and a workforce of approximately 3,300 people. The company has carried out more than 30 acquisitions since 2017, coming up to "an average annual growth in revenues of 33%", as SGL said in a press release.
SGL is engaged in verticals such as fashion & retail, automotive, technology, general manufacturing, food ingredients & additives, pharma & healthcare, and aid & relief.
The amount of the transaction was not disclosed. The deal, which is subject to regulatory approval and "certain financing conditions", is expected to be finalised in Q2/2023. (sh)