Clearwater International advises DTK Group on a minority sale to Blue Equity
Clearwater International has advised the shareholders of DTK Group, a Danish freight forwarding and logistics provider, on a minority sale to private equity firm Blue Equity.
Headquartered in Padborg, DTK is a Pan-European transport and logistics provider with approximately 120 employees working across six business units, which have unique competencies within road freight forwarding, logistics, warehousing, and temperature-controlled transportation across Europe. The business has eight locations operating as a gateway for the transportation of goods to customers in Europe, with a primary focus on Scandinavia, Italy, Germany, the UK, Benelux, France, Switzerland and Eastern Europe. The company has shown impressive yearly growth rates of 64% since 2016 and generated revenues of c. €60m (c. DKK 450m), with an EBITDA of c. €3.3m (c. DKK 25m) in 2019.
The addition of Blue Equity as a shareholder in DTK Group will add to the continued development in existing business areas, strengthen organisational and digital competencies, increase investment in new business areas and partnerships, and thus accelerate growth.
The closing of the transaction is pending acceptance from the competition authorities.