Ontario Teachers', PSP, GIC invest $700 mln in PE-backed XPO Logistics: Reuters
Singapore's sovereign fund GIC is joining Canada's PSP Investments and Ontario Teachers' Pension Plan in together investing US$700 million to support the acquisition-led growth strategy of XPO Logistics Inc, Reuters reported. U.S. private equity firm Jacobs Private Equity, which is led by American businessman Bradley Jacobs, will continue to be the company's largest shareholder. Based in Greenwich, Connecticut, XPO is a provider of freight transportation services.
12 September 2014•2 mins read
