CVC close to buying Danish freight freight firm Scan Global

People familiar with the matter said that CVC Capital Partners is close to acquiring Danish transport company Scan Global Logistics.

The private equity firm is trying to figure out the final details of an agreement with Scan Global s owner AEA Investors, and asked not to be identified as discussing confidential information.

A deal could be announced as soon as this month, according to the people. They said the deliberations are ongoing and could still falter.

Scan Global, a Copenhagen-based company, said on Saturday that discussions are ongoing regarding the potential divestment of SGL International A S by its shareholder AEA Investors. It didn't reveal the name of the buyer and added that there is no certainty that the transaction will occur.

Representatives for CVC and AEA didn't want to make a statement.

Scan Global is an asset-light freight forwarding and logistics company with more than 3,300 employees, according to its website. It offers services such as supply chain management, customs clearance, air and ocean freight, fulfillment, customs clearance and warehousing.

Last year, Bloomberg News reported that AEA, a New York buyout firm that traces its roots to the Rockefeller and Mellon family fortunes, had been working with Barclays Plc on the potential divestment of Scan Global.

In 2016, AEA acquired the company and merged it with Seattle-based freight forwarder TransGroup Worldwide Logistics. AEA has since grown the business through further acquisitions, buying Horizon International Cargo Ltd. to expand in the UK and taking over of Mali's Macca Logistics to boost its African presence.

With help from Aaron Kirchfeld, Frances Schwartzkopff and Victoria Cavaliere.