Partners Group completed the investment in Barings-backed Milestone at a $1.4bn valuation.

Partners Group, a private markets firm, completed the investment of a stake in Barings-backed Milestone, a transportation equipment provider, at a $1.4bn valuation. "Milestone is an established infrastructure business that provides exposure to e-commerce, a transformative trend that continues to gather pace as economies digitise. Based on its scale, service, and fleet quality, we have conviction in Milestone's ability to capture a growing share of the transportation equipment market. Our value creation plan will further develop Milestone's mobile warehouse offering, as well as build out its network into under-served geographies across the US. We are looking forward to partnering with Milestone's very experienced management team and our partner Barings on these initiatives," Ed Diffendal, Partners Group Managing Director.