Zeus acted as Financial Adviser & Rule 3 Adviser to Xpediator plc

Zeus is delighted to have acted as Financial Adviser and Rule 3 Adviser to Xpediator plc on their £62m recommended cash offer by a Consortium comprising BaltCap, Stephen Blyth, founder of Xpediator and Justas Versnickas, Managing Director of Delamode Baltics UAB, a subsidiary of Xpediator. The offer represents an 80% premium to the 3 month volume weighted average price up to the date the approach offer became public (Dec-22).

Xpediator is a leading provider of freight management services across the UK and Central and Eastern Europe, primarily operating under the trade names of Delamode, Pallex and Affinity.

Richard Myson CFO of Xpediator said, “The team at Zeus demonstrate a thorough understanding of the workings of the AIM market, which has ensured we can fulfil our objective to take the business private in a timely and efficient fashion. Zeus’ expert advice was crucial in this process to avoid any of the pitfalls which can frequently crop up. But mainly, the team at Zeus can build relationships with their clients which are built on trust and integrity, such that they become an integral part of the business.”

Zeus team: David Foreman, Jamie Peel, James Hornigold and Ed Beddows.

This web page constitutes a financial promotion for the purposes of section 21 of the Financial Services and Markets Act 2000 and has been approved by Zeus Capital Limited, which is authorised and regulated by the Financial Conduct Authority.