TGS Baltic has advised private equity fund manager BaltCap on its acquisition of logistics company Xpediator.
Xpediator is an international logistics company that controls the forwarding and cargo transportation company Delamode Baltics in Lithuania.
According to TGS Baltic, under the Delamode brand, Xpediator provides freight-forwarding, logistics, and transport support solutions in CEE and the UK. "The consortium intends to expand the company's core freight-forwarding offerings across Europe and beyond, as well as to build UK-based businesses. Taking Xpediator private will allow it to pursue new growth prospects and position itself as a leader in global supply chain solutions for our region."
"BaltCap will assist Delamode expand its core freight-forwarding activities in the CEE region, as well as develop logistics operations in the UK and Romania," BaltCap Partner Sarunas Alekna said. "We are confident that our local presence and 25 years of experience in developing regional business champions will help management realize the company's vision."
The TGS Baltic team included Partners Agnius Pilipavicius and Marius Matonis, Associate Partner Triinu Jarviste, Senior Associates Indre Vickaite-Liatuke, Jonas Salna, Mari Anne Rohtla, Paulius Dabulskis, Ruta Tikuisyte, Sebastian Okinczyc, Vladlena Rudusane-Simica, and Vytautas Bradauskas, Associates Auguste Linauskaite and Eliza Silina, and Junior Associate Paulius Zalnieraitis.
TGS Baltic did not respond to our inquiry on the matter.
