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MBK Partners Weighs Up to $1 Billion Apex Logistics Sale

June 11, 2019 / Bloomberg

MBK Partners Ltd. is weighing options including a potential sale of Apex Logistics Group, four years after the buyout firm acquired the Chinese freight forwarder, people with knowledge of the matter said.The North Asian private equity firm is working with financial advisers on a potential sale of the business, which could fetch as much as $1 billion including debt, according to the people. A formal sale process could start as soon as later this year, the people said, asking not to be identified because the information is private.