Private equity firm Nordic Capital purchased Danish logistics company Unifeeder from Montagu Private Equity.11 April 2013
Nordic Capital said it had been advised by Citigroup and UniCredit in the transaction, which is subject to approval by competition authorities, while Montagu was advised by Canaccord Genuity.
Montagu invested in Unifeeder in 2007.
Unifeeder, head-quartered in Aarhus (Denmark) is the leading feeder and short-see carrier in the North European and Intra-European trade. In 2012 Unifeeder carried over 2 million containers and made over 8 thouthand calls at more than 40 ports. Over the last six years the company has substantially expanded its opearations in the UK and west Med, and invested heavily in office and logistics networks.
"Nordic Capital sees an attractive platform for further and accelerated organic and acquisitive growth," said Lars Terney, a partner at NC Advisory A/S, an advisor to the Nordic Capital funds. "There is excellent expansion potential within both the feeder and short sea business in current and new geographies."