21 Concordia acquires stake in VGL

With the fresh capital, the logistics company intends to win new clients and finance its planned market consolidation process. The GP backed the firm via its special purpose holding entity, Polinvest 8, with capital from its Poland-focused vehicle.

The Polish branch of 21 Partners, 21 Concordia, held a second and final close on €100m for its Poland-focused private equity fund in September 2015, according to Unquote Data. The vehicle follows the strategy of 21 Partners' French, Italian and Swiss funds, targeting small and medium-sized Polish companies with revenues of €10-50m looking to grow and expand internationally.

Company
Established in 2000 and headquartered in Gdynia, VGL is a Polish logistics service. The firm employs a staff of 450 across 19 offices and posted revenues of $153.9m last year.

VGL Group is a holding company for four main operating divisions: VGL Sea Air Rail, VGL Supply Chain, VGL Road and VGL Distribution.

People
VGL Group – Sebastian Sołtys (CEO).

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• Expansion
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• Poland