Background

  • Ligentia is a leading UK-based provider of global supply chain management services, and is backed by Equistone
  • VGL Solid Group (VGL) is a leading Polish supply chain, freight and logistics solutions provider
  • Having worked together for over 10 years as part of a successful joint venture, Ligentia and VGL management have established a strong relationship

Process

  • DC Advisory (DC) was engaged by Ligentia to provide advice to support its combination with VGL
  • DC provided Ligentia with financing, strategic and process advice

Outcome

  • In July 2022, Ligentia successfully agreed to combine with VGL. The deal, which is subject to regulatory approval and expected to close in September 2022, will cement Ligentia’s intent to build a stronger and more diverse business
  • This transformational transaction follows Equistone’s investment in Ligentia in February 2021, which DC advised on
  • DC successfully secured committed financing for the transaction from existing funders - Partners Group and Santander - together with new lenders - Ingka Investments and Varma
  • This transaction demonstrates the continued strength of DC’s market-leading debt advisory service, and deep expertise in the logistics sector

“We are delighted to have worked with Rob Jones and the DC team on this transaction. Their in-depth knowledge of the sector and insights, together with strong relationships in the lender universe and high calibre execution capabilities, were influential in helping us secure our funding package. We look forward to working with DC again.”

Rakesh Patel
CFO, Ligentia

“We are delighted to have advised Ligentia and Equistone on their combination with VGL. This is our third engagement with the business, and we have witnessed first-hand its exceptional growth. This latest transaction will enable the combined group to expand its geographical presence and continue to leverage its technology across a wider and more diverse customer base.”

Robert Jones
Managing Director, DC Advisory Manchester