Travers Smith has advised DLM Bidco Limited, the bidding vehicle of a consortium led by BaltCap, the largest private equity fund manager in the Baltics, and including 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, on its recommended cash offer for AIM-listed Xpediator plc.
Xpediator, a fast-growing international freight management company, provides logistics, transportation services and transport support solutions in the CEE and the UK. 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 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.
The Travers Smith team on this transaction was led by Head of Corporate M&A and ECM Andrew Gillen, supported by Senior Associates Ella Sharpley and Morgan Grindlay, and Associate Holly McKinley. Specialist advice was provided by Head of Competition Nigel Seay and Senior Counsel Paul McComb, Incentives & Remuneration Senior Counsel Elissavet Grout and Senior Associate Hugo Twigg, and Finance Partner Donald Lowe.
