Thursday, February 25News That Matters

Tag: Kuehne

Kuehne+Nagel acquires China’s Apex Global from MBK Partners

Kuehne+Nagel acquires China’s Apex Global from MBK Partners

Latest
Korean within most equity firm MBK Partners has agreed to sell all its shares in Shanghai-headquartered air freight forwarder Apex Global Company to world logistics company Kuehne+Nagel Crew, in step with a company assertion. Financial diminutive print of the transaction weren't disclosed but Kuehne+Nagel claims that the acquisition is the last be conscious in its historical previous. The transaction will most doubtless be funded by Kuehne+Nagel’s liquid sources and on hand credit rating lines.  Per a Bloomberg report in October 2020, MBK Partners had plans to divest its entire equity hobby in Apex for bigger than $1 billion.  The Korean PE firm obtained a maj...