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.