LONDON, UK: DLM Bidco Limited, a newly incorporated entity to be indirectly owned by funds advised by BaltCap, Cogels Investments and Nuoma IR Kapitalas, has offered to acquire the entire issued and to be issued ordinary share capital of Xpediator (excluding the Xpediator shares owned or controlled by Cogels Investments).

Cogels Investments owned or controlled 37,260,660 Xpediator shares, representing approximately 26.3 per cent of issued share capital.

Under the terms of the offer, each Xpediator shareholder will be entitled to receive 44 pence for each share (42 pence cash value and 2 pence special dividend), which values the entire issued and to be issued ordinary share capital of Xpediator at approximately £62.34 million.

Xpediator Plc is a fast-growing international freight management company providing logistics and transport support solutions, exploiting the global growth demand for transportation services.

BaltCap is a multi-strategy private equity and venture capital investor in the Baltic states of Estonia, Latvia and Lithuania, covering buyout, growth, venture as well as infrastructure investments, serving institutional investors from around the world.

Cogels Investments is a private investment entity through which the close relatives of Stephen Blyth, the former CEO and founder of Xpediator, invest in a range of sectors including consultancy, hospitality, leisure and real estate.

Nuoma IR Kapitalas is the private investment vehicle of Justas Veršnickas, the managing director of Delamode Baltics UAB, a subsidiary of Xpediator. Justas Veršnickas owns 20 per cent of the issued share capital of Delamode Baltics UAB but is not an Xpediator Shareholder.

Since its IPO in 2017, Xpediator has undergone a period of significant transformation and growth, having completed four UK acquisitions and strengthening its presence organically in the CEE regions, particularly in the Baltics.

BaltCap’s Šarūnas Alekna praised Xpediator for their long history, proven track record, exceptional management team, and established operations across the UK, Baltics, and Central/Eastern Europe. He sees opportunities to expand the company’s reach and product offerings, allowing Xpediator to better serve its clients.

Stephen Blyth from Cogels Investments is excited to enter a new phase of development for Xpediator, and believes that partnering with BaltCap and Justas will help the company capitalize on new opportunities.

Justas Veršnickas from Nuoma IR Kapitalas is proud of Xpediator’s success and growth in the Baltic region, and looks forward to helping accelerate the company’s development alongside the Consortium.

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