Summary
- Thoma Bravo has entered into a definitive agreement to acquire WWEX Group, a prominent third-party logistics provider, from a consortium including CVC Capital Partners.
- The deal involves brands such as Worldwide Express and GlobalTranz, with CVC Funds rolling over a portion of their equity to maintain a minority stake in the new entity.
- Latham & Watkins LLP is advising CVC Capital Partners and WWEX Group, with a comprehensive team covering various legal aspects of the transaction.
- This acquisition marks a significant move in the logistics sector, potentially reshaping market dynamics and investor strategies.
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