BaltCap completes take-private of Xpediator

• Xpediator is based in Braintree, England
• BaltCap’s acquisition of Xpediator is the first take-private transaction by a Baltic investor on the LSE
• BaltCap is a private equity investor in the Baltics covering buyouts, growth, venture, and infrastructure investments

BaltCap, along with co-investors, has acquired Xpediator, an international freight management company, after it made a bid in April.

Xpediator’s shareholders will receive 44 pence per share, valuing the company at around £62 million (€71 million; $79 million).

Xpediator is based in Braintree, England. The company provides freight-forwarding, logistics, and transport support services in the CEE and the UK under the Delamode brand.

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

“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,” said Šarūnas Alekna, a partner at BaltCap. “BaltCap will support growing Delamode’s core freight-forwarding activities in the CEE region and developing logistics operations in the UK and Romania.”

BaltCap’s acquisition of Xpediator is the first take-private transaction by a Baltic investor on the London Stock Exchange (LSE).

BaltCap is a private equity investor in the Baltics covering buyouts, growth, venture, and infrastructure investments. The firm has raised aggregate capital of over €700 million and is based in Tallinn, Estonia