Partners Group has sold its 24.9% stake in Apex Logistics (Apex), a global logistics solutions provider, to majority shareholder Kuehne+Nagel. The transaction values Apex at $4bn. Partners Group’s stake sale, which is scheduled to close in 2025, marks a full exit from its investment in 2021.
Founded in 2001 and headquartered in Singapore, Apex offers logistics solutions centred on air and sea freight transportation, with warehousing and distribution as auxiliary services. Kuehne+Nagel and Partners Group have worked together to turn Apex into a global logistics platform. Key initiatives included enhancing technology and capabilities, increasing charter-flight capacity, and investing in operations. Apex’s EBITDA has increased by 151% over the last five years.
Today, Apex has 48 sites worldwide that serve over 20,000 customers in more than 70 countries. Apex serves customers across a range of industries including semiconductors, electric vehicles, consumer electronics, retail & fashion, perishables, and chemicals. Apex moved 420,000 tons of airfreight and 300,000 TEU of ocean freight in 2024.
Partners Group was advised by Clifford Chance, Fangda, and KPMG on the transaction.
