Nordic Capital, the Swedish private equity firm, has sold Wilson Logistics Group, a company it built up through acquisitions to form one of Scandinavia's largest logistics businesses.

TPG, a rival logistics group, has agreed to buy TPG in a Skr2.35bn (€256m) all-cash purchase having outbid private equity firms eyeing the business in an auction run by Dresdner Kleinwort Wasserstein. TPG was advised by Goldman Sachs.