Apax Partners has agreed to sell Tosca, an Atlanta-based provider of reusable asset pooling and logistics solutions for the food supply chain, to Goldman Sachs Alternatives. No financial terms were disclosed. Apax acquired Tosca in 2017.

Tosca serves food producers, distributors and retailers across North America and Europe. Eric Frank serves as CEO of Tosca. The transaction is expected to be completed in 2026.

On the deal, Charlotte Saury, managing director within infrastructure at Goldman Sachs Alternatives, said in a statement, "Tosca provides mission-critical supply chain infrastructure to non-discretionary, resilient staple food end markets. Through decades of investments into its network of pooling assets, service centers, and customer relationships, Tosca has established itself as a global leader in reusable asset pooling."

Goldman Sachs Alternatives was advised by Bof A Securities and Goldman Sachs as financial advisors and Sidley Austin LLP as legal advisor. Apax was advised by Deutsche Bank Securities Inc. and William Blair & Company, L.L.C. as financial advisors and Simpson Thacher & Bartlett LLP as legal advisor. Tosca was founded in 1959.