Centerbridge Partners: substantial minority investment in syncreon
Substantial investment of Centerbridge Partner is supporting syncreon Holdings in expanding its service offering capability and footprint
Syncreon Holdings Limited, a leading global provider of customized supply chain services, has reached an agreement with its existing shareholders and Centerbridge Partners, under which Centerbridge will make a substantial minority equity investment in syncreon. Existing shareholder GenNx360 Capital Partners (“GenNx360”) and existing Enright Family related shareholders will retain significant equity ownership following the transaction, the company announces in a press release.
Brian Enright, co-founder and CEO of syncreon, said: “I am very pleased that we have reached an agreement with Centerbridge to be part of the next phase of syncreon’s development. This investment is all about supporting the growth of the company. With Centerbridge onboarding to the shared vision and strategy of the existing shareholders, we are poised to take the next steps in building out our service offering capability and footprint. I am sure the company is about to enter a very exciting next phase of growth and development.”
Syncreon Holdings Limited is a global provider of advanced supply chain services that can be tailored to create specific customized solutions for their customers. They offer a range of 3PL and 4PL services in an asset-light business model to provide specialized transportation, inbound, outbound, fulfillment, and aftermarket logistics services. syncreon operates in over 20 countries, with more than 90 facilities, and approximately 12,000 employees.
Centerbridge Partners, L.P. is a private investment firm with offices in New York and London and has approximately $20 billion in capital under management as of July 2013. The firm is dedicated to partnering with world-class management teams across targeted industry sectors to help companies achieve their operating and financial objectives.
www.centerbridge.com www.syncreon.com
Quelle: LogEastics
Portal: www.logistik-express.com