A private equity company has acquired a majority stake in Genesis Capital Finance, a lender to independent owner-operators buying trucks.
In a prepared statement released last week, Fourshore Partners did not provide information on the size of the acquisition or what stake it now holds in the Arizona-based lender.
Foreshore declined a request by FreightWaves for more information, referring back to the press release.
On its webpage, Florida-based Fourshore says it mostly seeks to invest in...
Ambitious AIT Worldwide Logistics has been taken over by private equity firm The Jordan Company (TJC) in what is expected to mark the start of another period of growth for the forwarder.
Its partnership with its PE owner Quad-C Management has come to an end as the company recapitalises.
TJC doesn’t appear to have a big footprint in transport and logistics, but does have a couple of investments in supply chain management …
The post New PE partner for acquisition and growth-hungry AIT Worldwide...
https://theloadstar.com/new-pe-partner-for-acquisition-and-growth-hungry-ait-worldwide-logistics/
In theory, and in practise, taking a box line private works perfectly under a short-term, typically-private equity-minded/driven horizon, assuming cyclical strength is here to stay at least through 2024.
Base case: that assumption looks spot on.
Worst case: it could be disastrous.
Either way, many thanks to a faithful reader who recently went for* the “container shipping + LBO” search on our platform.
(*Rather opportunistically, let me say, yet conveniently from an investment perspective; …
The...
https://theloadstar.com/ma-radar-container-shipping-buyout-seriously/
Greece-based LNG shipping company GasLog (NYSE: GLOG) has entered into an agreement to merge with a unit of the world’s largest asset management firm BlackRock, resulting in the NYSE-listed company…
Ligentia has sold a significant stake to Equistone Partners Europe – a bid to “turbo-charge” the business as it looks at logistics and technology acquisitions.
Equistone, which holds stakes in Wallenborn and European Cargo Services, has made a “significant investment” in the £300m-revenue business, it said, adding that its strategy is to invest between “€25m and €200m or more of equity in businesses with enterprise values of between €50m and €500m”.
A …
The post Ligentia brings in equity partner...
https://theloadstar.com/ligentia-brings-in-equity-partner-to-turbo-charge-growth-strategy/
There’s one rather enticing Premium common thread running through the latest research concerning supply chain outsourcing trends by the shippers and a slew of bolt-on logistics deals announced in recent weeks.
Ever heard of club deals?
Premise
Let’s start with this: “43% of shippers plan to increase resilience by enlarging their pool of logistics partners in 2021,” Transport Intelligence argued last week.
In isolation, this may leave you with mixed feelings as to what that …
The post Supply...
Nearly two years after issuing a request for investors, Seko Logistics has announced Ridgemont Equity Partners will become its new owner.
Ridgemont, already with logistics companies in its portfolio, including Worldwide Express, replaces Greenbriar Equity Group, which now becomes a minority investor in Seko.
In spring 2019, Seko began seeking a new investor after four years with Greenbriar as a key shareholder. In October, Greenbriar invested $500m in Uber Freight.
Ridgemont partners Rob...
https://theloadstar.com/ridgemont-equity-unveiled-as-new-owner-of-seko-logistics/
Higher valuations driven by supply-demand imbalance
One thing that the pandemic has made clear is that large retailers — not just other third-party logistics and transportation providers — will be prolific acquirers of e-commerce fulfillment platforms.
COVID-19 has had a complex and multifaceted impact on the capital markets for transportation and logistics technology companies. Social distancing, corporate bans on travel, and choppy performance during the pandemic made it difficult for many...
https://www.freightwaves.com/news/bankers-covid-brought-more-buyers-to-market-for-e-commerce-tech
Digital freight brokerage Transfix Inc. may be the reverse merger target of a $150 million special purpose acquisition company (SPAC), according to Bloomberg.
Transfix and Tuscan are in exclusive negotiations, with terms yet to be finalized, according to a person with knowledge of the talks that Bloomberg did not identify because the discussions are private. Neither New York City-based Transfix nor Tuscan Holdings Corp. II (NASDAQ: THCA) would comment on discussions.
Tuscan II raised $150...
https://www.freightwaves.com/news/news-alert-transfix-said-in-talks-to-go-public-in-reverse-merger
Electric vehicle and infrastructure startups continue to attract hundreds of millions of dollars from special purpose acquisition companies (SPACs) targeting business combinations and speedy public trading debuts.
Set aside the hype around the tens of billions invested in so-called blank-check companies. It is pocket change compared to the trillions held by investment funds, venture capital and private equity, said Mark Saraiva, Cowen Inc. managing director and head of its transportation group.
“...
https://www.freightwaves.com/news/laying-pipe-additional-cash-raises-valuations-of-spac-targets