Sale of Apex Logistics
Summary by AI BETAClose X
(LSE: PEY/PEYS)
Partners Group Private Equity Limited
Sale of Apex Logistics
PGPE Ltd is pleased to inform you that Partners Group, its Investment Manager, has agreed to exit its minority stake in global logistics provider Apex Logistics.
· The transaction values Apex Logistics at an EV of over USD 4 billion
· The transaction values the stake of PGPE Ltd in Apex Logistics in line with the latest published NAV as of 31 August 2025, at approximately EUR 16.7 million.
· PGPE Ltd invested in Apex Logistics in 2021 and has already received EUR 8.5 million of distributions up to 31 August 2025; upon closing of the sale transaction, total distributions received by PGPE Ltd are expected to amount to approximately EUR 25.2 million
· Benefiting from thematic tailwinds, Apex Logistics has seen strong growth over the last five years with EBITDA increasing 151%
Partners Group, one of the largest firms in the global private markets industry, acting on behalf of its clients, has agreed to sell its 24.9% stake in Apex Logistics ("Apex" or "the company"), an integrated global logistics solutions provider, to majority shareholder Kuehne+Nagel, one of the world's leading logistics companies. The transaction values Apex at an enterprise value of over USD 4 billion. Partners Group's stake sale, which is scheduled to close in 2025, marks a full exit from its investment in 2021 and a strong return for the firm's clients.
Founded in 2001 and headquartered in Singapore, Apex offers logistics solutions centered on air and sea freight transportation, with warehousing and distribution as auxiliary services. Kuehne+Nagel and Partners Group have worked together on a shared ambition to transform Apex into a global logistics platform, driving strategy and value creation from board level in partnership with management. Key initiatives included enhancing technology and capabilities to serve global blue-chip clients, increasing charter-flight capacity to enable greater agility and customer responsiveness, and investing in operations. This has helped drive strong growth at Apex, with EBITDA increasing 151% over the last five years.
Today, Apex has 48 sites worldwide that serve over 20,000 customers in more than 70 countries. Apex serves customers across a range of industries including semiconductors, electric vehicles, consumer electronics, retail & fashion, perishables, and chemicals. Apex moved 420,000 tons of airfreight and 300,000 TEU of ocean freight in 2024.
Further information is available in the press release issued by Partners Group.
Ends.
About Partners Group Private Equity Limited
PGPE Ltd is an investment holding company founded in 1999 and domiciled in Guernsey. It invests in private equity direct investments. PGPE Ltd is managed in its investment activities by Partners Group, a global private markets investment management firm with over USD 174 billion in investment programs under management in private markets, of which USD 83 billion is in private equity. Partners Group itself is listed on the Swiss Stock Exchange (ticker: PGHN). PGPE Ltd aims to provide shareholders with long-term capital growth and an attractive dividend yield. PGPE Ltd is traded on the Main Market of the London Stock Exchange (ticker: PEY for the Euro quote; PEYS for the Sterling quote).
Contacts
Partners Group Private Equity Limited:
pgpe-ltd@partnersgroup.com
www.partnersgroupprivateequitylimited.com
|
Investor relations contact: Andreea Mateescu Phone: +41 41 784 66 73 E-mail: andreea.mateescu@partnersgroup.com
|
Media relations contact: Jenny Blinch Phone: +41 41 784 65 26 E-mail: jenny.blinch@partnersgroup.com |
Registered Number: 35241 LEI: 54930038LU8RDPFFVJ57
Notes:
1. Note that references in this announcement to Partners Group Private Equity Limited have been abbreviated to "PGPE Ltd" or "the Company". References to Partners Group AG have been abbreviated to "Partners Group" or "the Investment Manager".
2. This document does not constitute an offer to sell or a solicitation of an offer to buy or subscribe for any securities and neither is it intended to be an investment advertisement or sales instrument of Partners Group Private Equity Limited. The distribution of this document may be restricted by law in certain jurisdictions. Persons into whose possession this document comes must inform themselves about and observe any such restrictions on the distribution of this document. In particular, this document and the information contained therein are not for distribution or publication, neither directly nor indirectly, in or into the United States of America, Canada, Australia or Japan.
3. This document may have been prepared using financial information contained in the books and records of the product described herein as of the reporting date. This information is believed to be accurate but has not been audited by any third party. This document may describe past performance, which may not be indicative of future results. No liability is accepted for any actions taken on the basis of the information provided in this document. Neither the contents of PGPE Ltd's website nor the contents of any website accessible from hyperlinks on PGPE Ltd's website (or any other website) are incorporated into, or form part of, this announcement.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Latest directors dealings
- 4 hours ago ASOS
- 5 hours ago MJ Gleeson
- 5 hours ago Rolls-Royce Holdings
- 5 hours ago Crest Nicholson Holdings
- 6 hours ago Naked Wines