Sofimac backs Expedial MBO

Management team members Ludwig Lefebvre, Philippe Rospars, Michael Bolen and Beatrice Camourieu have acquired stakes in the company. The business is currently in talks to acquire three unidentified companies, according to La Tribune.

The MBO coincides with the retirement of Expedial’s founder.

Banque Populaire Atlantique, Banque Populaire, LCL and Caisse d'Epargne have provided debt for the transaction, the publication adds.

Company
Based in Floirac, Expedial offers lost or damage baggage claims management, logistics and urgent package shipment. Its revenues amount to €20m. The deal sees the company rebrand as Air Road Logistics & Baggage Solutions. 

People 
Expedial - Ludwig Lefebvre (director). 

Advisers 
Equity - Alienor Partners (corporate finance), Faber Inter (legal), Lamartine Conseil (legal). 

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