Castik Capital Acquires Majority Stake in Element Logic
June 4, 2021
Funds managed by Castik Capital have agreed to acquire a majority stake in Element Logic, partnering with co-founders Dag-Adler Blakseth and Kjell Blakseth plus the management team and employees. Castik will support Element Logic's rapid organic expansion across Europe and help expand its service and software capabilities, with Ares providing financing and several advisors engaged on both sides.
- Buyers
- Castik Capital S.à r.l.
- Targets
- Element Logic
- Sellers
- Dag-Adler Blakseth (co-founder and CEO), Kjell Blakseth (co-founder), Element Logic management team and employees
- Industry
- Logistics & Distribution
- Location
- Viken, Norway
- Transaction Type
- Buyout
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