Adelis Equity Partners Fund I (“Adelis”) has sold its majority stake in Logent AB (“Logent”) to Stirling Square Capital Partners.
In 2013, Adelis acquired a majority stake in Logent. During Adelis’ ownership, the company has been strategically repositioned from a logistics staffing-focused company to a leading contract logistics provider, offering high value-added services.
”Mats Steen, Sara Fors and the rest of Logent’s management team have done a fantastic job in building Logent into the leading independent contract logistics company in Sweden and Norway. They have built a strong foundation for the future, and Logent’s growth is now ready to take off, as evident by the strong sales momentum. We believe Stirling Square Capital Partners will be an excellent partner to support their exciting journey going forward. We at Adelis are very proud to have been part of Logent’s transformation into a true industry leader”, says Joel Russ and Jan Åkesson of Adelis.
Mats Jönsson, Chairman of Logent says: “It has been an honor to work with such a great team at Logent. Great investments in building a foundation and culture have led to strong results for our customers, employees and owners.”
”Logent’s management team is proud of the development that the company has achieved together with Adelis and our Board over the past several years. The close cooperation has been vital for the success of the strategic transformation. I’m now looking forward to Logent’s next chapter together with Stirling Square Capital Partners and our continued positive development”, says Mats Steen, CEO of Logent.
Adelis was advised by Nordea, Vinge and Alvarez & Marsal.
The parties have agreed not to disclose the purchase price. The transaction is subject to customary regulatory approvals.
For further information:
Logent: Mats Steen, CEO, +46 70 233 83 02
Adelis Equity Partners: Joel Russ, Partner, +46 73 543 90 68
Adelis Equity Partners: Jan Åkesson, Partner, +46 70 353 11 11
Logent is an independent contract logistics partner to logistics-intensive companies in Sweden and Norway. Logent has approximately 3,000 employees and operates along the whole logistics value chain within the business areas Warehousing, Transport Management, Customs, Ports, Staffing & Recruitment and Consulting.The company has turnover of SEK 1.3 billion. For more information please visit www.logent.se.
Adelis Equity Partners
Adelis is an active partner in creating value at medium sized Nordic companies. Adelis was founded with the goal of building the leading middle market private equity firm in the Nordics. Since raising its first fund in 2013, Adelis has been one of the most active investors in the Nordic middle-market, acquiring 20 platform investments and making more than 50 add-on acquisitions. Adelis now manages €1 billion in capital. For more information please visitwww.adelisequity.com.