LOCATION
Auckland, New Zealand
SECTOR
International freight forwarding and logistics
INVESTMENT DATE
October 2005
WATERMAN SHAREHOLDING
25%
OVERVIEW

Express is an international logistics service provider offering a complete range of import, export and supply chain logistics services.  Express has grown from a small locally based firm to have offices across Australia, NZ and more recently in Los Angeles.  Customers include large retail groups such as Ezibuy, Pumpkin Patch and Bendon.

UPDATE

Following a direct approach from Toll Holdings in 2009 the business was sold achieving an IRR of 43.2% and 3.6 times the original capital invested.