LONDON: Partners Group Private Equity Limited (PGPE Ltd) announced that the Partners Group, its Investment Manager, has agreed to exit its minority stake in global logistics provider Apex Logistics.
· The transaction values Apex Logistics at an EV of over USD 4 billion
· The transaction values the stake of PGPE Ltd in Apex Logistics in line with the latest published NAV as of 31 August 2025, at approximately EUR 16.7 million.
· PGPE Ltd invested in Apex Logistics in 2021 and has already received EUR 8.5 million of distributions up to 31 August 2025; upon closing of the sale transaction, total distributions received by PGPE Ltd are expected to amount to approximately EUR 25.2 million
· Benefiting from thematic tailwinds, Apex Logistics has seen strong growth over the last five years with EBITDA increasing 151%
Partners Group, one of the largest firms in the global private markets industry, acting on behalf of its clients, has agreed to sell its 24.9% stake in Apex Logistics (“Apex” or “the company”), an integrated global logistics solutions provider, to majority shareholder Kuehne+Nagel, one of the world’s leading logistics companies.
The transaction values Apex at an enterprise value of over USD 4 billion. Partners Group’s stake sale, which is scheduled to close in 2025, marks a full exit from its investment in 2021 and a strong return for the firm’s clients.
Founded in 2001 and headquartered in Singapore, Apex offers logistics solutions centered on air and sea freight transportation, with warehousing and distribution as auxiliary services. Kuehne+Nagel and Partners Group have worked together on a shared ambition to transform Apex into a global logistics platform, driving strategy and value creation from board level in partnership with management.
Key initiatives included enhancing technology and capabilities to serve global blue-chip clients, increasing charter-flight capacity to enable greater agility and customer responsiveness, and investing in operations. This has helped drive strong growth at Apex, with EBITDA increasing 151% over the last five years.
Today, Apex has 48 sites worldwide that serve over 20,000 customers in more than 70 countries. Apex serves customers across a range of industries including semiconductors, electric vehicles, consumer electronics, retail & fashion, perishables, and chemicals. Apex moved 420,000 tons of airfreight and 300,000 TEU of ocean freight in 2024.
