LIttlejohn to sell Newgistics to Pitney Bowes for about $475 mln

Littlejohn & Co has agreed to sell Newgistics Inc to Pitney Bowes for about $475 million. The deal is expected to close by the late third or early fourth quarter of this year. Goldman Sachs served as financial advisor to Littlejohn while Gibson, Dunn & Crutcher LLP was legal adviser. Austin-based Newgistics is a provider of parcel logistics for the ecommerce and direct-to-consumer retail industry.

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