Logistics provider, Scan Global Logistics (SGL), has announced that CVC Capital Partners Fund VIII (CVC) has agreed to acquire a majority shareholding in the company.
CVC has acquired these shares from an investor group led by Investors Small Business Private Equity (AEA).
The transaction is expected to close in Q22023 and is subject to regulatory approval and certain financing conditions.
Financial terms of the transaction are not disclosed.
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Christoffer Sjøqvist, Senior Managing Director at CVC, said: “We are excited about our investment in SGL and believe that the company has the potential to become one of the leaders in its industry, and continue to improve its competitive situation, including during a more challenging economic climate in 2023.”