Vinge has advised in the sale of LGT Logistics Holding AB’s subsidiaries LGI Logistics Intressenter AB and LGI Logistics Interessenter ApS to a company owned by the private equity company, Axcel. The principal shareholder of LGT Logistics Holding AB is Litorina Kapital.
LGT is a third party logistics participant with a very strong position within furniture and conducts operations under the LBC trade mark in Sweden and the GM-ITM trade mark in Denmark. The LGT group’s services primarily consist of storing, order picking, group consignments and distribution within and to and from the Nordic countries. The LGT group employs approximately 270 persons and the combined turnover in 2007 amounted to SEK 700 million.
Vinge advised the seller, LGT Logistics Holding AB, which is principally owned by Litorina Kapital. Vinge’s team consisted of responsible partner Johan Winnerblad together with associates Joacim Rydergård, Alexandra Palmér and Sara Axelsson.