Nordic Capital is to sell Wilson Logistics Group to The Netherlands-based mail, express and logistics company TPG, for an enterprise value of SEK2.35bn. Nordic Capital formed Wilson Logistics group in July 1999 through the acquisition of three companies, Wilson Group, Castelletti Overseas and Combined Logistics. Nordic Capital owns around 85% of the business. The return on the transaction was undisclosed.
Wilson is an air and sea freight forwarding and logistics group. During Nordic Capital’s ownership the business has completed four add-on acquisitions.
Completion of the transaction is subject to regulatory approval.