23rd Oct 2025 14:33
(Alliance News) - Partners Group Private Equity Ltd on Thursday said it is exiting its minority stake in global logistics provider Apex Logistics.
Partners Group Private Equity is an investment holding company that backs private equity direct investments. It is managed by Partners Group AG, a Swiss-listed private markets investor.
Partners Group said the transaction values Apex Logistics at an enterprise value of over USD4 billion. The sale is scheduled to close in 2025.
Apex Logistics has 48 sites worldwide and serves over 20,000 customers in over 70 countries, Partners Group said.
Partners Group will sell its 24.9% stake in Apex Logistics to majority shareholder Kuehne & Nagel International AG, a Schindellegi, Switzerland-based logistics company.
Kuehne & Nagel on Thursday said it is launching a cost reduction programme "to mitigate challenging market environment".
The company said the cost cuts will come in the form of "structural and sustainable measures".
"Productivity is to be increased in the long term through process optimisation in central functions and markets, as well as greater use of automation and shared service centres," it said.
In the third quarter of 2025, net profit fell 39% to CHF206 million, around USD258.3 million, from CHF339 million a year prior. Earnings before interest and tax fell 37% to CHF285 million from CHF455 million.
Revenue declined 6.8% to CHF6.04 billion from CHF6.49 billion.
Partners Group shares were flat at 926.00 pence each on Thursday afternoon in London, while Kuehne & Nagel shares were up 0.2% at CHF155.55 each in Zurich.
By Tom Budszus, Alliance News slot editor
Comments and questions to [email protected]
Copyright 2025 Alliance News Ltd. All Rights Reserved.
Related Shares:
Partners Grp E