We have advised 21 Invest and minority shareholders on the exclusivity agreement signed with MML Capital and Bpifrance on the sale of LV Overseas, an international freight forwarding player specialising in the design and organisation of door-to-door logistics solutions.
LV Overseas is an international freight forwarding player specialised in the design and organisation of door-to-door logistics solutions. The group offers a full range of services tailor-made to each stage of the supply chain, with a specific know-how in grouping and niche expertise such as industrial projects, fresh and frozen products or out-of-gauge merchandise. The entrepreneurial mindset of the top management allows LV Overseas to compete with large logistics corporations and be the trusted partner of its clients.
LV Overseas generates a turnover of €500m and employs 500 people spread over 22 offices worldwide.
21 Invest France, who has been majority shareholder since May 2019 alongside BNP Développement and Balguerie Gestion Participation, has entered into exclusive negotiations with MML Capital and Bpifrance to sell its stake. The transaction is expected to close by the end of Q1 2022, subject to customary regulatory approvals.
This transaction rewards the work accomplished over the past few years. The managers of LV Overseas, who are reinvesting significantly in the transaction, will be able to rely on the know-how of MML Capital and Bpifrance in French and international sustainable growth projects to continue its development beyond its current array of transportation expertise and geographies.
