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In a bold move signaling one of the logistics sector’s largest recent exits, Partners Group announced Thursday that it has agreed to sell its 24.9% stake in Apex Logistics to Swiss logistics powerhouse Kuehne+Nagel International AG for 886 million Swiss francs ($1.1 billion).

The deal marks a significant milestone for Partners Group Holding AG, which first acquired the minority stake in Singapore-based Apex Logistics in 2021. According to the Swiss private equity firm, the divestment delivered “a strong return” on investment, underscoring the company’s successful strategy in scaling global businesses.

Transforming a Regional Player into a Global Force

Tony Song, CEO of Apex Logistics, credited Partners Group with helping transform the company from a regional China-based operator into a global freight-forwarding leader offering “comprehensive, one-stop supply chain solutions.”

“We’ve weathered storms and disruptions across global markets, but each challenge has only made us stronger,” Song said. “Today, Apex stands as a dynamic, well-integrated business ready for its next chapter under Kuehne+Nagel.”

Legal advisors for the transaction included Clifford Chance LLP and Fangda Partners, who represented Partners Group. Details on counsel for Kuehne+Nagel were not immediately disclosed.

Strong Returns and Strategic Expansion

Partners Group Private Equity Ltd., listed on the FTSE 250, also participated in the Apex investment. The London-listed vehicle confirmed it will receive approximately €25.2 million ($29.2 million) from the deal, including €8.5 million already realized through earlier returns.

Sheng Liu, Managing Director of Private Equity at Partners Group, highlighted the firm’s role in Apex’s global expansion:

“We helped Apex strengthen its international presence and broaden its client base despite turbulent trade conditions. It now stands ready to thrive independently under Kuehne+Nagel’s global platform.”

Deal Set to Close by Year-End

Kuehne+Nagel stated that the transaction will be settled in cash by December, financed through available liquidity and existing credit lines. The sale’s closing is anticipated by the end of 2025, marking a strategic consolidation within the global logistics landscape.

With this divestment, Partners Group cements its reputation for transformative investments and lucrative exits, while Kuehne+Nagel further fortifies its standing as one of the world’s most dominant logistics giants.