Since Valedo invested in Best in July 2014, Best has tripled sales from SEK ~260 million at the time of the investment to SEK ~760 million in 2019. The strong growth is a result of a clear growth strategy and the organic growth has been at least 10% each year since 2016, due to several successful initiatives, e.g. within same day home deliveries. Furthermore, Best has completed 10 strategically important add-on acquisitions, establishing Best in Norway and Denmark. Today, Best has market leading positions in Stockholm, Oslo, Copenhagen, Gothenburg, Malmö, Växjö, Uppsala and Jönköping.
Best Transport was founded in 1976, when Bengt Alm founded ”Benkes Budbilar” in Stockholm, a name that was abbreviated to Best a few years later. Valedo invested in Best and ASA Transporter in 2014, two leading providers of express deliveries in Stockholm and Gothenburg, with the ambition to create a national, and in due time a Nordic, market leader. Valedo saw an opportunity in the fragmented market to create a strong company with capabilities to drive digitalisation and meet the customers’ demand for faster deliveries.
Under Valedo’s ownership period, Best has tripled sales from SEK ~260 million at the time of the investment to SEK ~760 million in 2019. The strong growth is a result of a clear growth strategy and the organic growth has been at least 10% each year since 2016, due to several successful initiatives, e.g. within same day home deliveries, where Best has become the market leader in Sweden. With an ambitious growth agenda and clear synergies and economies of scale, Best has completed 10 strategically important acquisitions in Sweden, Norway and Denmark. As a result of the company’s strong cash flows, the acquisitions have been financed with existing cash, bank debt and reinvestments from joining entrepreneurs.
In order to establish the position as the market leader within express and home deliveries in the Nordic region, a number of important initiatives were conducted during Valedo’s ownership:
After many years of strong development, Best had exceeded the original plans, established at the time of Valedo’s investment in 2014. Hence, a potential divestment was evaluated in 2019. A sales process, where discussions were held with a number of industrial and financial potential buyers, resulting in that Best was sold in January 2020 to Nalka, an investment firm founded in 2009 focusing on small and medium sized private companies in the Nordic region.
Valedo Partners Fund II AB (“Valedo”) and the minority shareholders have signed an agreement to divest Best Transport Holding AB (“Best”), the leading provider of express and same day last-mile deliveries in the Nordics, to Nalka Invest AB ("Nalka"). Since Valedo, together with the management, board and previous owners, invested in Best in July 2014,
After several years of positive development, ASA Transporter (”ASA”) and Best Transport (”Best”) are merging to create a market leader within courier and express delivery services. In connection with the transaction, Valedo has reached an agreement to invest in partnership with previous owners, the board and key employees. With Valedo as a new majority owner,