Quero Frete, a local freight services sharing startup, sold its operations to Expresso Nepomuceno, a leading logistics company in Brazil
São Paulo – Corporate Finance International (‘CFI’) is pleased to announce that they acted as the exclusive advisor to Quero Frete on its 100% sale to Expresso Nepomuceno, boosting its new digital business strategy.
Quero Frete is an app for companies, customers or truck drivers who look for affordable and faster alternatives to transport cargo. Its free downloadable tool, available online and also for Android phones, allows truck drivers, self-employed or not, to offer their freight, while companies/individuals will keep an eye on hiring them.
Amongst the top ten largest logistics companies in Brazil, Expresso Nepomuceno has been operating in the transport and logistics market for over 57 years, offering customized logistical solutions, in order to meet different customer profiles, covering all segments.
The transaction closed in Aug 2020.
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Transaction details
Quero Frete, a local freight services sharing startup, sold its operations to Expresso Nepomuceno, a leading logistics company in Brazil
This transaction was advised by:
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