Post by MergerLinks

Thoma Bravo-backed Auctane, a major global technology and logistics company that provides e-commerce shipping, mailing, and order fulfillment software, completed the merger with WWEX Group, a third-party logistics provider of parcel and freight services. As part of the transaction, CVC and other existing WWEX Group investors, including Providence Equity Partners, Ridgemont Equity Partners and PSG, rolled over a portion of their equity and retained a significant minority stake in the combined company, which will operate as ShipStation Global. Financial terms were not disclosed. WWEX Group was advised by Goldman Sachs, J.P. Morgan, Morgan Stanley, UBS and Latham & Watkins (led by Mikael Vardanian, Matthew Villar and Paul Kukish). Thoma Bravo was advised by Kirkland & Ellis and FGS Global (led by Akash Lodh). CVC was advised by Latham & Watkins. Providence Equity Partners was advised by Weil, Gotshal & Manges LLP (led by Ramona Nee and Jakub Wronski), according to press releases and MergerLinks data. https://lnkd.in/dF6xsA-7 #MergersAcquisitionsDivestitures #PrivateEquity #Logistics