Announced
Financials
Tags
Private
Acquisition
Single Bidder
transportation services
Friendly
Domestic
Private Equity
Switzerland
Third Party Logistics (3PL)
Majority
Pending
Synopsis
Development Partners International, an investment firm, agreed to acquire Solevo Group, an African distribution platform for specialty chemicals, from private equity firms Helios Investment Partners and Temasek. Financial terms were not disclosed. “DPI’s partnership will help us to accelerate our scaling in new geographies, expand the firm’s portfolio of specialty chemicals across key sectors and implement digital transformation. We are working closely with our DPI colleagues on a new digitalisation and technology strategy to drive greater efficiencies across Solevo’s extensive distribution platform," Joris Coppye, Solevo CEO.
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