Equistone-backed Ligentia merges with VGL Solid Group

UK-based supply chain technology and solution services provider, Ligentia, has combined with VGL Solid Group (VGL), a freight and logistics provider in Poland. The deal, which is subject to regulatory approval, will cement Ligentia’s intent to build a stronger, better and more diverse business.

London-headquartered private equity investor, Equistone Partners Group, invested in Ligentia in February 2021.

Ligentia and VGL have an existing long-standing relationship through a joint venture partnership, delivering customers supply chain solutions for over 10 years. The newly combined organisation will provide an enhanced end-to-end service offering, bringing together Ligentia’s international network, proprietary technology and upstream services with VGL’s expertise and logistics, European road freight and ocean services.

The deal will enhance Ligentia’s European platform and enables the business to support customers across a broader and more diverse sector base, including; FMCG, retail, electronics, healthcare and the emerging electric vehicle market. Upon completion, Ligentia and VGL will form a new organisation of more than 1,300 global supply chain experts focused on delivering value for customers through their capabilities, technology and data. This will establish the Ligentia Group as an international supply chain management company with revenues of over £1bn.

Ligentia expects to complete the transaction in Q3 after regulatory approvals have been received.

Ligentia has been supported in this transaction by Rothschild, DC Advisory, Squire Patton Boggs, KPMG, Roland Berger and Addleshaw Goddard. VGL Solid Group has been supported by PwC, GKW, Skadden and KPMG.

Nick Jones, Group CEO, said: “We have enjoyed a fantastic relationship with VGL for many years and this is a very exciting milestone in our journey together. Both businesses thrive because of our aligned values and commitment to centre customers at the heart of our organisations which means we invest, develop and commit resources to make sure we achieve a great experience for our customers. The forward-looking business will be even better placed to enhance our combined technology offering, provide new services and connect a diverse team ready to deliver our next phase of growth.”

Sebastien Leusch and Chris Candfield, Equistone Investment Directors, said: “We have been hugely impressed by Ligentia’s clear ambition to scale and build a diverse, customer-focused and responsive global supply chain management solutions business. The team have delivered exceptional growth over the last two years, including the launch of its US business.