BaltCap completes the first take-private transaction by a Baltic investor on the London Stock Exchange by acquiring Xpediator

BaltCap, the leading private equity fund manager in the Baltics, with co-investors, acquired Xpediator, a fast-growing international freight management company, after a successful bid made in April. Xpediator provides freight-forwarding, logistics, and transport support solutions in the CEE and the UK under the Delamode brand. The consortium aims to further boost the company’s core freight-forwarding offers in Europe and internationally, as well as develop UK-based businesses.

Šarūnas Alekna, a Partner at BaltCap, is content that the offer has been successfully concluded. “We are thankful to Xpediator's shareholders and board for entrusting our vision for the company. I'm certain the new ownership structure will enable the company to capitalise on its strengths and continue its growth path," Alekna explained.

"Taking Xpediator private will enable the company to pursue additional growth opportunities with vast potential to become a leader in global supply chain solutions for our region. BaltCap will support growing Delamode’s core freight-forwarding activities in the CEE region and developing logistics operations in the UK and Romania," Alekna explained. "We are confident that our local presence and 25 years of experience in building regional business champions will contribute to realising management’s vision for the company,” he added.

Justas Versnickas, CEO of Delamode, commented, “I’m excited to enter this new phase of development for Delamode. The new private ownership structure will allow the company to accelerate its growth strategy, and will be instrumental in building Delamode into the leading freight forwarding and logistics player in the Baltics, the CEE, and the UK. Our team is actively working on bringing new products, such as intermodal freight and green logistics solution, to our customers, and remains focused on being the best-in-class service provider in all of our markets.

The acquisition was completed by a consortium led by BaltCap, including Xpediator's largest shareholder, Cogels Investments Limited, the investment vehicle of Stephen Blyth’s family (the former CEO of Xpediator), and Justas Versnickas.

This transaction is remarkable for the Baltics, as it is the first take-private transaction by a Baltic investor on the London Stock Exchange.

Company profiles
About Xpediator
Established in 1988 and headquartered in the UK, Xpediator has evolved into an integrated freight management business in its key markets in the UK and Europe, with specific expertise in CEE countries. The company offers freight forwarding and transport solutions by road, ocean, and air, as well as stock management, short-term and long-term warehousing, and on-site packing services. The Xpediator group employs over 1500 people across the UK, Bulgaria, Lithuania, Latvia, Estonia, Finland, Macedonia, Montenegro, Moldova, Romania, and Serbia, operating from over 35 sites in these and other countries. – More about Xpediator
Building business

BaltCap is the largest and most experienced private equity investor in the Baltics covering buyouts, growth, venture, and infrastructure investments. Since 1995, BaltCap has invested in over 100 companies across a wide range of industry sectors and raised aggregate capital of over €700 million. BaltCap has a team of 40 investment professionals working across Tallinn, Riga, Vilnius, Warsaw, Helsinki, and Stockholm offices.

Additional information:

Šarūnas Alekna

Partner, BaltCap

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