CVC Capital Partners Fund VIII has completed the acquisition of a majority shareholding of Denmark-headquartered Scan Global Logistics.
As HLPFI reported here, CVC planned to acquire the shares from an investor group led by AEA Investors Small Business Private Equity (AEA), which will remain a minority shareholder. Scan Global said that the transaction has now closed, receiving all relevant regulatory approvals from authorities.
As part of the deal, Nils Smedegaard Andersen, former ceo of Carlsberg and A.P. Moller - Maersk, has been appointed chairman of the board.
Global ceo of Scan Global, Allan Melgaard, said: “Nils has achieved impressive results in his career and has the necessary knowledge and capability to help us fulfil our ambitious strategy of becoming one of the preferred providers within the industry.”