Bridgepoint Development Capital and other shareholders have signed an agreement to divest 100% of KGH Customs Services to A.P. Moller – Maersk.
KGH is a leading European Customs Services specialist that optimises customers’ trade and customs management through innovative strategy and compliance, operations and digital services. In 2019, KGH had revenues of SEK 890m and EBITDA of SEK 160m (SEK 190m post IFRS-16). KGH has 775 employees and a yearly business of 1.98m clearances.
A.P. Moller – Maersk will acquire KGH for a consideration of SEK 2,600m, excluding an earn-out component contingent on future Brexit performance. The transaction is subject to customary regulatory approvals.
Carnegie acts as sole financial adviser to Bridgepoint in connection with the transaction.