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.
