Apax Funds to sell Boasso Global to KKR

Funds of Apax Partners LLP, a global private equity advisory firm, sells its majority stake in Boasso Global, Inc. to US investment firm Kohlberg Kravis Roberts & Co (NYSE:KKR).

Boasso Global is a premier provider of depot, maintenance, cleaning and transportation services for the ISO tank container industry in Europe and North America (including major operations in the Port of Rotterdam area). 

Boasso provides mission-critical logistics services to the global chemical and food grade supply chains through a network of 34 strategically located depots across Western Europe and North America. The Company’s full suite of ISO tank transportation and depot services are trusted by a diversified group of long-term customers. KKR is making the investment in Boasso through its KKR Global Infrastructure Investors IV fund, the KKR fund which raised USD 17 billion in March this year, which focuses on critical infrastructure investments in North America and Western Europe. Financial terms of the transaction were not disclosed.

Houthoff, together with Kirkland & Ellis, advised Apax Funds and Boasso Global on the sale to KKR. The team included Alexander Kaarls, Kasper van der Sanden, Naomi Dempsey and Sam Vermeeren.