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March 2009
Acquisition of EFFIA to SNCF by Keolis (shareholding AXA Private Equity and CDPQ)
Wagram Corporate Finance advised the majority shareholder of Keolis
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DescriptionAcquisition of EFFIA to SNCF by Keolis (shareholding AXA Private Equity and CDPQ)
Sector(s) : Transport
Date : March 2009
Advisor(s) : Wagram
Advised : Buy Side
Mid-Capital partner Wagram Corporate Finance advised the majority shareholder of Keolis
Keolis SA, the France based company engaged in passenger transportation business, has agreed to acquire Group EFFIA, the France based company engaged in the business of operating car parking spaces, from SNCF Participations, the France based railway transportation group, for an undisclosed equity consideration.
With 170 parks and 60,000 car places and 1300 employees, EFFIA reported revenues of EUR 120m for the financial year 2008. This acquisition enables Keolis to provide better service to its customers.
Prior to this acquisition SNCF held 45% stake in Keolis. Post acquisition SNCF will hold 56.7% stake in Keolis, while the share of other shareholders, AXA Private Equity, the France based private equity firm and Caisse des Depots et Placements du Quebec, the Canada based asset management company, will be reduced from 51.5% to 40.8%.
Wagram Corporate Finance members Paul Le Clerc and Sylvain Cotte advised the majority financial sponsors of Keolis.
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