Adelis and the existing management team acquire Logent AB

Adelis Equity Partners Fund I AB (“Adelis”) and the existing management team have agreed to acquire Logent AB (“Logent”), the leading Swedish and Norwegian provider of integrated on-site logistics services, from its two founders and Inter IKEA Investments AB.

Logent was founded in Stockholm in 2006 by the merger of two logistics consulting organizations and has for the last 5 years experienced a sales growth of approximately 60% per year, both through organic growth and strategic acquisitions. Logent has today a wide network of on-site solutions across Sweden and Norway and employs approximately 3500 people in total. The company operates within five main business areas and offers a wide range of logistics services such as staffing and site solutions, logistics consulting, freight management, customs services and port and terminal services. Logent’s sales for 2013 are estimated to approximately SEK 1.3 billion.

“We are very impressed by the development of Logent since its foundation by Lars-Göran Ahlberger and Peter Fräjdin. We believe the company has a unique value proposition to its customers, an impressive customer base as well as an unmatched platform for growth” says Jan Åkesson, Co-Managing Partner of Adelis.

“I look forward to working in close partnership with the team at Adelis in realizing our growth plan. Their previous experiences from investments in the business services and logistics industries combined with their financial resources will enable us to take the next step as a company” says Michael Arvidsson, CEO of Logent AB.

As part of the transaction, Mats Jönsson will assume the position of Chairman of the Board of directors. Mats Jönsson has a broad background within business services, including as CEO of Coor Service Management.

The transaction is expected to be completed at the end of November 2013.

For further information, please contact
Jan Akesson, Co-Managing Partner, Adelis Equity Partners, +46 8 525 200 01
Michael Arvidsson, CEO, Logent AB, +46 768 97 98 10

 

About Adelis Equity Partners
Adelis is an active partner in creating value at small and medium sized Nordic companies. Adelis was founded in 2012 in Stockholm with the goal of building the leading lower middle market investment firm in the Nordics. The Adelis team members have a cumulative 85 years of Private Equity experience, have invested in over 50 companies and have also been members of the board in more than 50 middle market companies. Our current fund size is SEK 3.7 billion and we operate a fully Swedish fund structure. For more information please visit www.adelisequity.com

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