Park Place advised the management team of Carousel on their simultaneous buyout by Axcel and merger with DANX.

The merger will create a logistics specialist with strong positions in the UK, Ireland, Germany, Iberia, Nordics and the Baltics, and revenues of c. €190m.  Axcel, a leading private equity firm based in the Nordic region, is investing in both businesses with an ambition to grow the combined company significantly across Europe.

Carousel has grown rapidly in aftermarket and spare parts logistics through customised solutions and specialist networks designed for performance and life-critical industries. DANX makes a great fit with a similar history and mission-critical philosophy. Their joint vision is to bring together two businesses with unique strengths, regional leadership and sector expertise to accelerate growth, investment in service and expansion across Europe.

Jonathan Simpson-Dent, CEO of Carousel who will become Chairman of the combined business said “Park Place guided the Carousel management team and helped facilitate a highly complex transaction involving two competing businesses in different geographies being acquired simultaneously by a European fund.  This is the third business in which I have sought Park Place’s experience and input which has always proved invaluable.”

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