After nearly three years of successful cooperation, the private equity firm TPG Capital has sold its shares in the Transporeon Group to the growth investor Hg. Independent, partner-managed and present in Germany for over 15 years, Hg is one of the most active and experienced software investors in Europe. Following up on the partnership with TPG, Hg will also continue to support the Transporeon Group's growth plans.
Transporeon is the European market leader for cloud-based transport logistics and operates the world's largest cooperation network of its kind on its platforms - with more than 1,000 commercial and industrial companies as well as approximately 90,000 transport service providers and forwarding agencies in over 100 countries. In addition, TIM CONSULT, a leading provider of market intelligence solutions, also belongs to the company group.
Partnership with TPG: Transporeon has a positive outcome
Since 2016, TPG had supported the management team of Transporeon Group in its international expansion and the development of web-based solutions. In addition to promoting its organic growth, TPG also supported the acquisition of market intelligence provider TIM CONSULT last year. During its collaboration with TPG, the Transporeon Group gained numerous new customers, increased sales by over 50 percent and doubled its investment in product development. “The Transporeon Group offered us the opportunity to cooperate with a successful company and a strong management team. The partnership was shaped by issues which benefited from TPG's full expertise in digitalization, software and logistics,” said Malte Janzarik, partner at TPG Capital. “It was a pleasure to work with the entire Transporeon team and we wish them all the best for the future.”
Transporeon is also positive about its partnership with TPG. “We are proud of the growth that Transporeon has achieved in recent years. We have greatly benefited from the expertise of our partners in the development of software companies. I would like to thank TPG for their dedication. Over the past three years, the partners have made a significant contribution to Transporeon's success,” said Marc-Oliver Simon, co-founder and CEO of the Transporeon Group. “We are now looking forward to working with Hg and further expanding our market leadership together. We will benefit from their years of experience with technology companies. Our goal is to further digitalize transport logistics and provide our customers and network partners with the best solutions.”
Jefferies and Barclays assisted with the M&A aspects of the transaction, Freshfields Bruckhaus Deringer advised on the legal aspects.
Hg sees significant growth potential for the Transporeon Group
Hg has good reasons to become involved with the Transporeon Group. The decisive factors were the leading market position and the continuous expansion of the logistics network. “We have been following Transporeon's development for many years and see considerable further organic growth potential for this unique logistics platform,” stated Stefan Margolis, Director at Hg. Justin von Simson, Managing Partner at Hg, added: “Transporeon Group plays a leading role in the digitization of transport logistics. With cloud-based solutions, the complexity of the global logistics market can be further simplified and efficiency significantly increased. We are looking forward to the collaboration and are confident in Transporeon's continued success.”
After signing the contract on late Sunday evening (from left to right): Jean-Baptiste Brian (Partner at Hg), Justin von Simson (Managing Partner at Hg), Martin Mack (Co-founder and CTO Transporeon Group), Marc-Oliver Simon (Co-founder and CEO Transporeon Group), Malte Janzarik (Partner at TPG) and Stefan Margolis (Director at Hg).