BaltCap makes a recommended cash offer to acquire AIM listed Xpediator Plc

06 April 2023

BaltCap, the largest private equity fund manager in the Baltics, with co-investors made an offer to acquire Xpediator, a fast-growing international freight management company currently listed on the AIM Market of the London Stock Exchange. Xpediator provides logistics, transportation services and transport support solutions in the CEE and the UK. The consortium aims to further boost the company’s core freight forwarding offering in Europe and internationally and develop UK-based businesses.

Established in 1988, the company has evolved into an integrated freight management business, with well-established and successful customs clearance, multi-modal transport, storage, fulfillment and distribution operations in its key markets in the UK and Europe, with specific expertise in CEE countries. Xpediator operates through three segments: Freight Forwarding, Logistics & Warehousing, and Transport Support Services. The company offers freight forwarding and transport solutions by road, ocean, and air, as well as stock management, short- and long-term warehousing, and on-site packing services. Xpediator group employs over 1,500 people across the UK, Bulgaria, Lithuania, Estonia, Macedonia, Montenegro, Moldova, Romania and Serbia, operating from over 35 sites in these and other countries.

Šarūnas Alekna, Partner at BaltCap comments on the offer: “The announced offer provides an opportunity for Xpediator shareholders to realise an attractive premium in cash despite a turbulent macro environment. Xpediator has well-established operations in the UK, the Baltics and the rest of Central and Eastern Europe, BaltCap would be excited to join Xpediator on its journey. We trust that our local presence and experience in building regional business champions will be instrumental in developing a leader in global supply chain solutions.”

The offer is made by a consortium led by BaltCap, including Xpediator’s largest shareholder Cogels Investments Limited, the investment vehicle of Stephen Blyth (former CEO of Xpediator), and Justas Versnickas, the Managing Director of, and 20% shareholder in, Delamode Baltics, a subsidiary of Xpediator.

Further information on the offer is provided within the Rule 2.7 Announcement published by Xpediator through RNS and made available on BaltCap’s website under Newsroom > Public Announcements.

Image credit: BaltCap;

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