(CercleFinance.com) – The funds advised by Apax Partners and KKR have announced the signing of an agreement under which the Apax Funds will sell their majority stake in Boasso Global to KKR.
Boasso provides critical logistics services to global chemical and food supply chains through a network of 34 strategically located depots in North America and Western Europe.
KKR is making this investment through its KKR Global Infrastructure Investors IV fund, which focuses on critical infrastructure investments in North America and Western Europe.
Financial terms of the transaction were not disclosed.
Joe Troy, Managing Director of Boasso, said: ‘We welcome the opportunities ahead of us as we continue to expand our global presence and provide our customers with the services they expect. ‘
“Our patient and long-term oriented capital is well positioned to support Boasso’s network of facilities, its employees and its customers in their next phase of growth,” said Dash Lane, partner in KKR’s Infrastructure team.
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