World Freight Company International (WFCI), the European leader in the GSSA (General Sale and Service Agent) market, has received a €33m private equity investment.
Following the transaction, WFCI founder and CEO Pierre Brunet and management will continue to hold a majority stake in the company.
Founded in 2004, the company employs 350 people worldwide. Its subsidiary, Air Logistics, markets the cargo freight capacity of 190 international airline companies.
The investment will support the company’s international growth strategy and the development of its service offering. According to a written statement, 3i’s global network will help WFCI strengthen its international presence, particularly in South America, where 3i has just opened an office in Sao Paolo, and in Asia.