Management Dynamics, a US-based logistics company, has raised up to $30m in its series E round led by investment bank Goldman Sachs.
In a regulatory filing in July last year, Management Dynamics said it had raised $15m from one investor. Barry Williams, chairman of the company since 2004, said the E round of between $25m and $30m would come ahead of its planned flotation.
However, he said there would be no links between Goldman’s investment and the role of broker in its initial public offering. He said Goldman was encouraging mergers and acquisitions. Management Dynamics has previously bought NextLink and BridgePoint
In December, Management Dynamics won a large account from crops company Monsanto, Williams said, and the company already acts for US retailer Wal-Mart and technology company Apple.
Law firm SNR Denton said it was counsel for Management Dynamics.