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, 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.
”I am proud of the development that the management team and all our colleagues at Best, with the support from Valedo and the board, have achieved during this period. We have established Best as the clear market leader in Scandinavia and I am confident that Best has a very strong position for further growth in both existing and new markets. We have appreciated the cooperation with Valedo and look forward to welcoming Nalka as new majority shareholder” says Niklas Knight, CEO, Best.
The terms and conditions of the transaction are not disclosed.
For further information about Best, please contact:
Niklas Knight, CEO
Valedo is an independent Swedish investment company investing in high-quality small/mid cap companies in the Nordic region. Valedo is focusing on companies with clear growth and development potential where Valedo can actively contribute to and accelerate the companies’ development. Being an active owner and contributing both capital and industrial experience, Valedo ensures that a company can achieve its full potential.
Best is a leading provider of express and same day last-mile deliveries and IT logistics services in the Nordics. Today, Best has around 550 vehicles delivering thousands of deliveries every day. Best is present with operations in Stockholm, Oslo, Copenhagen, Gothenburg, Malmö, Växjö, Uppsala and Jönköping. Additionally, Best is present in around 20 more locations throughout Sweden via franchise and partners.
About Nalka Invest:
Nalka invests in small- and medium-sized Nordic businesses. Through commitment and engagement, Nalka develops independent, competitive and long-term profitable companies. Please visit www.nalka.se for more information.