Brookfield Asset Management is in talks to acquire World Freight Company from its private equity owners EQT and PAI Partners, according to Bloomberg sources.

The sellers are seeking about $1.2bn to $1.3bn for the business, according to people familiar with the matter. Brookfield has also begun sounding out lenders about financing for a potential acquisition loan. 

Discussions remain ongoing and there is no certainty that a transaction will proceed.

Founded in 2004, World Freight Company invests in general sales and service agencies specialising in air cargo. These agencies represent airlines by selling air freight capacity, managing local operations, and handling services such as cargo tracking and invoicing.

The platform operates across roughly 80 countries and manages more than three million tonnes of cargo capacity each year for airline partners.

PAI Partners and Baring Private Equity Asia — later acquired by EQT — acquired the company in 2018.

The owners previously explored a sale of the business in 2021. However, the process was paused in 2022 amid market volatility following the outbreak of the war in Ukraine.

A potential deal would represent another example of continued private equity activity in logistics and global supply chain infrastructure, sectors that have attracted strong investor interest in recent years.

If you think we missed any important news, please do not hesitate to contact us at [email protected].

Can`t stop reading? Read more.