Stirling Square buys Logent from Adelis

It is the second platform investment from Stirling Square Capital Partners IV, which is currently in the market with an €800m target and held a first close on €600m in May last year.

The sale ends a holding period of more than five years for Adelis, which acquired the company alongside the existing management team using its maiden fund Adelis Equity Fund I.

Adelis appointed Nordea to sell the asset in January, based on EBITDA of SEK 130m, according to Unquote sister publication Mergermarket.

Previous funding
Adelis acquired Logent from its two founders, Lars-Göran Ahlberger and Peter Fräjdin, as well as Inter Ikea Investments.

Company
Founded in Stockholm in 2006 through the merger of two logistics consulting organisations, Logent offers services to logistics-intensive companies.

Logent operates within five business areas and offers services such as warehousing, transport management, ports operations, customs handling, staffing and recruitment.

The company has an estimated turnover of SEK 1.3bn for 2018 and employs 3,000 staff.

People
Stirling Square Capital Partners – Henrik Lif (partner).
Adelis Equity Partners – Joel Russ (partner).
Logent Group – Mats Steen (CEO).

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