- This acquisition is expected to close in the second quarter of 2023
- AEA will retain a minority stake in the firm and will co-invest alongside CVC
- CVC is a private equity and investment advisory firm headquartered in Luxembourg
No financial terms of the deal were disclosed.
SGL is a Kastrup, Denmark-headquartered global full-service logistics provider. The firm, with revenues of more than $3 billion, offers its services across over 150 locations in 45 countries.
This acquisition is likely to close in the second quarter of 2023 and is subject to regulatory approval.
AEA and the management will retain a minority stake in the firm and will co-invest alongside CVC.
“We have tremendously enjoyed the partnership with the SGL team since 2016, supporting them in their transformative quest to become a global network logistics provider,” said John Cozzi, partner at AEA & co-head of Small Business Private Equity. “We are therefore very pleased to remain a significant minority shareholder and participate in the company’s future growth and value creation.”
CVC is a private equity and investment advisory firm headquartered in Luxembourg. The firm manages around €137 billion of assets and has offices across Europe, Asia, and US. It employs over 550,000 people.
Based in New York, AEA Investors is a global private investment firm. The firm managed over $14 billion assets as of December 2021. It has other offices in Stamford, San Francisco, London, Munich, and Shanghai.
The sell-side M&A advisor to SGL in this deal was Barclays, and Rothschild & Co acted as the buy-side M&A advisor to CVC.