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LBO France sells Flash Europe to the company’s management team and Eurazeo PME

LBO France is to sell its stake in Flash Europe to the company’s management team, headed by Philippe Higelin, and Eurazeo PME. 

The sale is expected to be finalised in late September, subject to approval by the competent authorities. Siparex, minority shareholder of Flash Europe, also committed to sell its stake during the process.
 
Flash Europe is Europe’s leading express transport company and operates in more than 18 countries. In 2014 it generated revenue of EUR153 million, up from just under EUR100 million in 2010 when LBO France became a shareholder. The company has developed a digital transport forecasting and optimisation platform, through which it offers a range of road and air freight services. Flash Europe also owns a controlled temperature transport technology, the only one of its kind in Europe, which enables it to satisfy the healthcare industry’s most exacting requirements.
 
LBO France has supported the company in its development and organization to help it evolve into a fully fledged international group. Since taking a stake in the company, LBO France has assisted Flash Europe’s management team in its build-up process, with the strategic acquisition of Roberts Europe, the region’s third leading player in the express transport industry.
 
Jean-Marie Leroy (pictured) of LBO France says: “Our investment in Flash Europe is a prime example of the investment strategy implemented by the Hexagone fund over the past few years. The company has been on our radar since 2006, before we acquired a majority stake in 2010 as a primary and proprietary transaction. As demonstrated by the acquisition of Roberts Europe, we have actively partnered the company in its international expansion, our core area of expertise.”
 

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