Nordic Capital Fund VIII (“Nordic Capital”) has reached an agreement to acquire the leading Danish logistics company Unifeeder (“Unifeeder” or “the Company”) from Montagu Private Equity (“Montagu”). The terms of the transaction were not disclosed, the Dutch company press release said.
Unifeeder, headquartered in Aarhus, Denmark, is a market leader with Northern Europe's largest feeder and short sea network for container transportation, serving the world’s container hubs and the Intra-Europe container freight of large industrial companies. In 2012, Unifeeder’s extensive network handled almost two million container units and made over 8,000 calls in more than 40 ports.
Unifeeder benefits from increasing global trade volumes which are expected to continue to outpace global GDP growth. This trend, coupled with Unifeeder’s cost-effectiveness and high quality service, has primed the Company for continued organic and acquisitive growth. Furthermore, the use of Intra-Europe short sea container shipping is expected to increase due to rising costs of road transport, EU policy initiatives and environmental concerns, which will also serve to support the future growth of the Company.
Over the past six years, Unifeeder has expanded into new markets such as the UK and Western Mediterranean, as well as invested to enhance its networks, logistical operations and management structures.
Montagu was advised by Canaccord Genuity on the transaction. Nordic Capital was advised by Citigroup and UniCredit.
The acquisition is subject to approval by competition authorities.
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