Executive Board of VGL GROUP announces that 40% stake has been acquired by 21 Concordia.

Executive Board of VGL GROUP announces that 40% stake has been acquired by 21 Concordia, a private equity fund from 21 Partners group.

21 Concordia has €100m of assets under management. The fund invests in small and medium-sized enterprises. Managing Partners of 21 Concordia are: Dariusz Górka, André Mierzwa, Marek Modecki and Dawid Sukacz.

21 Partners is a European private equity group founded by Alessandro Benetton and Gérard Pluvinet. As an active shareholder alongside managers, 21 Partners invests in companies based in France, Italy, Switzerland and Poland, bringing strategic guidance and propelling them to their next stage of development through acceleration of growth and increase in efficiency. Over the past 25 years, 21 Partners has completed 96 investments and 73 exits.

Sebastian Sołtys (CEO) together with Supervisory Board Members and VGL’s long-time founders – Grzegorz Dobkowski and Marcin Gruchała, together with 21 Concordia team will implement a joint strategy supporting dynamic development of the Company through:

    • strengthening current operations through technology enhancement and effective cross-selling of VGL logistic services,
    • international expansion,
    • market consolidation,
    • further development of added value services (i.e. container trucking segment).

Dariusz Górka, the Managing Partner of 21 Concordia commented: „VGL is an excellent investment opportunity with high growth track record and perspectives backed by an increasing tendency of enterprises to outsource logistic operations to professional service providers offering fully integrated solutions. We look forward to working with VGL’s highly skilled management team to write a new chapter in the company’s development

 

„We have chosen 21 Concordia as our financial investor because of common vision of growth, experience in market consolidation and the entrepreneurial approach of the Fund. We are convinced, that 21 Concordia will support us in growing our business in Poland and entering new market segments and geographies.” ─ said Grzegorz Dobkowski, co-founder, current shareholder and a Member of the Supervisory Board of VGL Group.

 

Sebastian Sołtys, President of the Management Board of VGL Group added: „Partnership with 21 Concordia represents a new phase in our growth story. We believe, that with the professional support of the Fund, we will be able to accelerate the Company’s growth and benefit from dynamic development of logistics market.”

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