LONDON : Buyout funds, including KKR, Hellman & Friedman and Blackstone, have expressed interest in German transport logistics software company Transporeon as private equity owner Hg reviews options to cash out, four sources familiar with the situation told Reuters.
European private equity funds, including Permira, Cinven and Astorg are likely to take part in an auction process, one of the sources said. With sales of almost 280 billion in 2018, Germany has the largest logistics market in Europe - greater than France and the United Kingdom combined. Germany also ranks as the world's third largest exporter and importer of goods, based on data from Germany Trade & Invest .
Transporeon generates around 120 million euros in sales and could be valued around 1 billion euros, representing a multiple of around 20 times its core earnings of 35 million euros, two of the sources said.