private equity Archives - Maritime Shipping News

FTV Capital: Growth equity in a ‘flight to quality’

1 September 2023

googletag.cmd.push(function() { var gptSlot = googletag.defineSlot(‘/21776187881/FW-Responsive-Main_Content-Slot1’, [[728, 90], [468, 60], [300, 100], [320, 50]], ‘div-gpt-ad-b1-i-fw-ad-1’).defineSizeMapping(gptSizeMaps.banner1).setCollapseEmptyDiv(true).addService(googletag.pubads());
gptAdSlots.push(gptSlot);
});

googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-b1-i-fw-ad-1’); });

Interest rates are up and growth rates are down, which has forced private equity investors to...

https://www.freightwaves.com/news/ftv-capital-growth-equity-in-a-flight-to-quality

North America’s financial services industry saw a drop of 25% in deal activity during April 2022

24 May 2022

North America’s financial services industry saw a drop of 25% in deal activity during April 2022, when compared with the last 12-month average, led by Bolt Financial’s $1.5bn acquisition of Wyre, according to GlobalData’s deals database.

google.charts.load(‘current’, {‘packages’:[‘corechart’]});google.charts.setOnLoadCallback(drawVisualization_Template23_Monthly_April_2022_Financial_services___North_America_);var options={vAxes:[{title:’Deal volume’, titleTextStyle:{italic:false, }},...

https://www.ship-technology.com/deals-analysis/north-americas-financial-services-industry-saw-a-drop-of-25-in-deal-activity-during-april-2022/

BlueSwell Incubator Seeks Future Maritime ‘Unicorns’

11 May 2022

In the world of Private Equity (PE), a “Unicorn” is finance-speak for a private start-up worth $1 billion or more, usually in some type of tech sector. When it comes…

https://gcaptain.com/blueswell-incubator-seeks-future-maritime-unicorns/

Flexport Valuation Doubles to $8 Billion in Latest Funding Round

7 February 2022

Feb 7 (Reuters) – Flexport’s valuation more than doubled to $8 billion on Monday after a funding round led by venture capital firms Andreessen Horowitz and MSD Partners, as logistics…

https://gcaptain.com/flexport-valuation-doubles-to-8-billion-in-latest-funding-round/

EXCLUSIVE Market Insight: UK’s EV Cargo ‘on the market’ – rumours swirl

16 December 2021

A worthy reminder first, from 23 November 2018:
– Private equity investor EmergeVest announces the creation of EV Cargo
– Six EmergeVest-backed companies come together to form the new entity
– EV Cargo has annual revenues of £850 million and focuses on the intersection of logistics and technology
– Cargo-centric model delivers mission-critical supply chain services
– Business will manage supply chains for world’s leading brands
– Long-term strategy for investment, growth and acquisitions
Then a...

https://theloadstar.com/exclusive-market-insight-uks-ev-cargo-on-the-market-rumours-swirl/

Market Insight: DHL, DB Schenker, DSV, Mærsk & CMA CGM – rumour mill tour

10 December 2021

It has been an eventful week so let’s kill it with a swift tour of the rumour mill on a sunny, happy Friday that couldn’t be sunnier and happier and colder down here.
First things first.
With Tobias Meyer named as the new Deutsche Post DHL Group CEO from May 2023, the reign of Frank Appel comes to...

https://theloadstar.com/market-insight-dhl-db-schenker-dsv-maersk-cma-cgm-rumour-mill-tour/

Against the odds: No rat traps sprung as BDP sale saga ends with PSA biting

1 December 2021

I almost – damn it, damn it, damn it! – reached my final ‘M&A destination’ yesterday, having thought and mused and talked relentlessly about the BDP International takeover for about 15 hours, until late evening…

… when some rather colourful remarks were shared, internally at Premium, by yours truly – given that it was all so strangely quiet for a classic forwarder/3PL + forwarder/3PL deal… about happen, according to sources.
“Someone said it’s …

The post Against the odds: No rat traps sprung as...

https://theloadstar.com/against-the-odds-no-rat-traps-sprung-as-bdp-sale-saga-ends-with-psa-biting/

Echo CEO Waggoner to The Jordan Company: ‘Let me run faster’

18 November 2021

Shareholders of Echo Global Logistics (NASDAQ: ECHO), a leading Chicago-based third-party logistics provider, will gather Friday for an extraordinary meeting to vote on the 3PL’s acquisition by private equity firm The Jordan Company for $48.25 per share.

Echo’s management team is proud of the deal they struck with Jordan — $48.25/share represented a premium in excess of 50% of the company’s stock price when the deal was announced — and considers it a win for shareholders. But more than the...

https://www.freightwaves.com/news/echo-ceo-waggoner-to-the-jordan-company-let-me-run-faster

How will venture capitalists shape the future of freight?

19 October 2021

Investors who have been holding on to their cash due to pandemic-related uncertainty have reentered the arena, and many are eyeing the logistics space. The coronavirus pandemic simultaneously highlighted the industry’s importance and illuminated areas ripe for improvement in the space, drawing attention from private equity and venture capitalists alike.

“It takes investment to create new things, especially when technology is involved. Any industry that has undergone significant change and...

https://www.freightwaves.com/news/how-will-venture-capitalists-shape-the-future-of-freight

Driver clearinghouse Tenstreet acquired by Providence Equity Partners

4 October 2021

Tenstreet, a leading provider of driver recruiting software and workflow solutions for the truckload industry, announced Monday morning that it was acquired by Providence Equity Partners, a private equity firm. Spectrum Equity, which took a stake in Tenstreet in 2016, was a seller in the deal, although it retains a material equity position in Tenstreet.

Financial terms of the deal were not disclosed, and Tenstreet would not report metrics like revenue or EBITDA. The company has 132 employees on...

https://www.freightwaves.com/news/driver-clearinghouse-tenstreet-acquired-by-providence-equity-partners

+ More