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Nordic Capital sells Wilson Logistics for E257m

Nordic Capital has agreed to sell Wilson Logistics Group to Netherlands-based mail, express and logistics company TPG at an enterprise value of E257m.

'Wilson Logistics Group has enjoyed very impressive growth during Nordic Capital's five-year ownership,' said Ulf Rosberg, a partner at Nordic Capital. 'It has been a privilege to work in close contact with management to establish Wilson as one of the leading freight forwarding companies in Europe. I am delighted that Wilson will form a new platform on which TPG will further develop its global freight forwarding business operations.'

Nordic Capital formed Wilson Logistics Group in July 1999 through the simultaneous acquisition of three companies, Wilson Group, Castelletti Overseas and Combined Logistics. The firm has also made four subsequent add-on acquisitions.

'Wilson has been growing substantially to meet customers' ever-increasing demands for global reach and a broad service footprint, said Henrik von Sydow, CEO of Wilson Logistics Group. 'Becoming a part of TPG elevates Wilson to a new level, positioning it to compete for a wide range of contracts. TPG is a strong, ambitious, global player in mail and express delivery as well as logistics. The deal provides new opportunities and a strong financial foundation going forward.'

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