We have advised 21 Invest on the acquisition of LV Overseas from Azulis Capital. This transaction reinforces the group’s leading position in the French West Indies and Guyana, accelerating its growth in the Reunion Island and optimising synergies with recently acquired companies, especially in the Middle East. LV Overseas also aims to expand its geographic coverage and service offering through organic and external growth. Several acquisitions with strong synergies have already been identified.
Established as a leading independent player in its market, LV Overseas offers a comprehensive range of services in the management of door-to-door freight transport for both import and export. The group fully coordinates logistics, storage, grouping, loading but also administrative and customs formalities mainly for sea transport, and to a lesser extent air and road transport.
The group's unique expertise and in-depth knowledge of local territories and players enable it to offer tailor-made solutions to more than 7,000 loyal customers, who consider LV Overseas as the essential partner in the overseas territories. Thus, the company reached €152m in sales in 2018 with solid profitability.
The operation allows the exit of the current shareholders led by Azulis Capital, and enables the reinvestment of the management team, the Balguerie group and BNP Paribas Développement.
