Joyau

France SC Fund I Jan 2003
Leading French logistic group specialised in domestic quick parcel delivery
Facts
Company Name:Joyau
Location:France
Sector:Transportation
Date of investment:March 2000
Date of exit:January 2003
Deal Type:LBO, buy & build
Syntegra Role:Lead investor

business description

  • Leading French logistic group specialised in domestic quick parcel delivery
  • Joyau is operating throughout France either through its own depots or via subcontractors in areas in which Joyau has no presence. Joyau represents one of the leading independent operators in this market based on its high quality management and a strong track record in a low margin industry. Nine acquisitions of reasonably priced smaller companies, gaining regional coverage and reducing reliance on subcontractors, were completed since buy-out of the company

transaction strategy

  • Joyau was a remarkable opportunity to consolidate a highly fragmented industry
    • Outstanding management record in a low margin sector
    • Strategy to reach a full coverage of French territory in 2 to3 years from a solid regional platform
    • Building one of the few acquisition opportunities for a large logistic group to enter French market
  • Sold to Schenker AG, itself owned by Deutsche Bahn AG, in January 2003