Nordic Capital acquires Unifeeder
Apr 05, 2013
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.
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
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
Mads Hansen, Director and Head of the Nordic region at Montagu
Private Equity, said:
"Unifeeder has performed exceptionally well since Montagu
invested in 2007 and we are delighted with the company's
achievements. Together with the CEO Jesper Kristensen and his team,
we have continuously grown the business, despite challenging market
conditions at times, and expanded the company from a local
operation into a pan-European business. We wish Nordic Capital and
the management team continued success with Unifeeder."
Lars Terney, Partner, NC Advisory A/S, advisor to the Nordic
Capital funds, said:
"Nordic Capital sees an attractive platform for further and
accelerated organic and acquisitive growth, given Unifeeder's
strong operational capabilities as a cost-effective quality
logistics service provider and the favourable dynamics of the
industry. There is excellent expansion potential within both the
feeder and short sea business in current and new geographies.
Nordic Capital has a proven track record in supporting management
teams in realising high growth ambitions and looks forward to
taking this next step together with Unifeeder's experienced
management and skilled employees."
Jesper Kristensen, CEO of Unifeeder said:
"During our partnership with Montagu, Unifeeder has delivered
strong growth and we are proud of our development and expansion in
recent years. We are committed to delivering a high-quality
reliable service and are recognised for our innovation and
cost-effective transportation solutions, which have been key to our
growth and performance during challenging economic times. We are
now a much stronger company to the benefit of both our customers
and us, and we look forward to partnering with Nordic Capital
during the next chapter of Unifeeder's development and further
expanding our growth potential."
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
Katarina Janerud, Communication Manager, NC Advisory AB, advisor
to the Nordic Capital funds,
+46 8 440 50 69
About Nordic Capital
Nordic Capital private equity funds have invested in large and
medium sized companies primarily in the Nordic region since 1989.
Through committed ownership and by targeting strategic development
and operational improvements, Nordic Capital creates value in its
investments. Nordic Capital Funds' investors are principally
international institutions. Nordic Capital Funds invest in
companies in northern Europe and in selected investment
opportunities internationally. Nordic Capital Funds are based in
Jersey, Channel Islands and are advised by the NC Advisory
companies in Sweden, Denmark, Finland, Norway, Germany and the UK.
Additional information about Nordic Capital is available at www.nordiccapital.com.
Unifeeder, the asset light logistics company, is one of Europe's
leading feeder and short sea operators transporting containers from
the large European container hubs in Belgium, England, Germany, the
Netherlands and Spain to more than 40 regional ports across the UK,
the Nordic Region, the Baltic States, Russia and Northern Africa.
Unifeeder's feeder operations are complemented by its fast growing
door-to-door multimodal container transport business.
Unifeeder, established in 1977, is headquartered in Aarhus,
Denmark and with local offices in Norway, Sweden, Finland, Poland,
the UK, Germany, the Netherlands and Russia. In addition, the
company has a presence through agents in Estonia, Latvia,
Lithuania, Spain, Tunisia and Algeria.
About Nordic Capital Private Equity Funds
Since the start in 1989, Nordic Capital Private Equity Funds
have invested in large and medium sized companies, primarily in
Northern Europe. Through committed ownership and by targeting
strategic development and operational improvements, Nordic Capital
creates value in its investments. The funds invest in companies in
Northern Europe and in selected investment opportunities
internationally. They are based in Jersey, Channel Islands, and are
advised by the NC Advisory companies in Sweden, Denmark, Finland,
Norway, Germany and the UK. Additional information about Nordic
Capital is available through its corporate website, www.nordiccapital.com.
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