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Deal News Transportation & Logistics What's up in Your Market Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, December 2014 www.pwc.de Deal News Transportation & Logistics What's up in your 15. December 2014 market – a focus Research Center on deals activity Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, December 2014 TRAINOSE binding The binding bid deadline for TRAINOSE, the Greek state-controlled bid deadline could provider of rail transport services, is expected to be extended till 2 be extended till 2 February, Ependisi reported. The brief report In Greek cited unnamed February – report (translated) sources. Russia's Rossiyskie Zheleznye Dorogi (RZD), the lead partner in a consortium with Greece's GEK TERNA, France’s SNCF Participations and Grup Feroviar Roman (GFR), are the shortlisted bidders, as earlier reported. 15.12.2014 Ependisi GruzoVIG’s equity GruzoVIG, a private Russian logistics and related transportation services sale conditional on provider, sees an equity capital raise amongst its future strategic growth hitting revenue funding options, co-founder and President Valery Karchevsky said. The benchmark – Moscow-based firm is currently in talks with several local and foreign executive investors, the executive said without disclosing names, citing confidentiality. Despite ongoing talks, a deal will only be triggered after the firm’s annual revenue hits a minimum of RUB 480m-RUB 720m (USD 9.6m-USD 14.4m) or about RUB 40m-RUB 60m per month, up from the current RUB 20m-RUB 25m per month, he added. The management expects to hit the benchmark within the next two or three years, when a minority equity size [of about up to 33%] will be on sale, said the executive, who co-holds the company with a business partner. Apart from standard logistics services, the firm has also developed a software tool for optimising cargo deliveries. This helps both clients and other sector players to save time, fuel and money, the president said. GruzoVIG’s long-term business growth strategy aims to control at least 3% of the Russian commercial cargo freightage market, which will enable it to generate at least USD 3bn in sales in the most conservative case scenario, the president noted. The immediate goal is to attain the set revenue benchmark to trigger an equity deal, he added. 12.12.2014 Proprietary Intelligence Transoil plans to Transoil, the Russian rail operator controlled by Gennady Timchenko, acquire 100% stake plans to acquire a 100% stake in intermodal transport company in Infotech-Baltika Infotech-Baltika M, the Russian daily Kommersant reported citing M - report industry sources. The sale-purchase process should take three or four (translated) months, according to one of the sources. In 2013, Infotech-Baltika M posted RUB 456.6m (USD 8.1m) revenue and RUB 7.7m net profit in accordance with the Russian Accounting Standards, the item reported. Infotech-Baltika M operates in the market of cargo transportation using tank containers, and provides services in the sphere of transportation of different types of liquid cargoes, with the use of tank containers on railroad, naval and road transport, according to its website. 12.12.2014 Kommersant Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, December 2014 Keolis acquires Keolis announced it has finalised the acquisition of the Autocars Autocars Striebig Striebig, leader of interurban bus transportation in the Bas-Rhin (67) for undisclosed department. Founded in 1927, this family group achieved in 2013 a amount turnover of EUR 25m and employs 300 employees. It has six branches, two of which in Germany, and a fleet of 250 buses. 10.12.2014 Company Press Release (Translated) Ferrovie dello Stato Ferrovie dello Stato (FS) will carry out its privatisation in the first half of to be privatised in 2016, the Italian-language Il Sole 24 Ore reported. The item cited first half of 2016 Michele Elia, the CEO of FS, who said that 2015 would be used to clear up remaining points remaining to the operation. The report said that it had not yet been decided whether to list the whole of FS or parts of the group such as its high-speed operations. 10.12.2014 Il Sole 24 Ore Intereuropa invites Intereuropa, a Slovenian logistics company, has invited potential letters of interest investors to send letters of interest for a 72% stake, Slovenia Partner for 72% stake reported, citing a company announcement. The sellers include SID banka with an 18% stake, Nova Ljubljanska banka with 16.5%, Gorenjska banka with 11.2%, Raiffeisen Bank with 10.4%, and SKB banka with 8.2%, the report said. In 2013, Intereuropa generated a net profit of EUR 2.1m on sales revenues of EUR 161m, while EBITDA stood at EUR 13.7m, as per the company’s website. A separate report by See News citing local advisory firm Alta Invest noted that Intereuropa’s management hopes to reach sales of EUR 158.8m in 2014 and EBITDA of EUR 15.4m. 10.12.2014 Slovenia Partner AAR puts Telair on AAR Corp (NYSE:AIR), the US aviation services group, has put its block with possible German subsidiary Telair on the block in a sale process that has seen two EUR 800m price tag private equity groups reach the second round, a newswire reported. - Newswire Round- Citing three unnamed sources, the Reuters report named PE firms EQT up and Cinven as among those to be considered in round two, which kicks off in the new year, the report said, adding that Citi is advising the seller. Telair, which is an air cargo handling company, has an EBITDA of around EUR 80m, and the sale could fetch as much as EUR 800m, according to the report. It said that none of the parties involved could provide a comment. 09.12.2014 Newswire Round-up Deutsche Post DHL Deutsche Post DHL, the world's leading postal and logistics group, acquires signed an agreement to acquire StreetScooter GmbH, a former start-up StreetScooter that is committed to the mission of developing affordable electric vehicles. As a result of the agreement, which is still subject to antitrust approval, the company will also acquire the development and production rights to vehicles as well as the employees of StreetScooter GmbH. Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, December 2014 StreetScooter GmbH is a spin-off of RWTH Aachen and a consortium of approximately 80 industrial companies in the automotive industry and related sectors. It was established in 2010 and employs a staff of 70 at its base in Aachen. Since 2013, approximately 200 StreetScooters have been produced annually at the former Talbot/Bombardier plant in Aachen. The successful working relationship began with the development of the StreetScooter. About 20 vehicles are already included in the electric car fleet as part of the pilot project CO2-free deliveries in Bonn. In this project, Deutsche Post DHL is converting its entire mail and parcel operations in Bonn, where the company is headquartered, to electric mobility by 2016. Nearly 50 more StreetScooters are being used by various Deutsche Post sites across Germany. By 2015, approximately 100 StreetScooters will be in operation at Deutsche Post DHL. 09.12.2014 Company Press Release(s) Initial bids Initial bids were yesterday (8 December) submitted for the UK submitted for government’s 40% stake in Eurostar, several sources close to the process Eurostar - sources said. It is understood that a consortium comprised of 3i Infrastructure and Predica, the French life insurance firm, submitted a bid. The infrastructure arm of Ardian, which had been previously linked to the process, is understood to have not submitted an offer. One source said Germany’s Deutsche Bahn is a likely bidder in the sale of the stake in Eurostar, which operates high speed passenger train services between Britain, France and Belgium via the Channel Tunnel. But the German state-backed rail company did not respond to a request for comment on its potential involvement. SNCF, which owns a 55% stake in Eurostar, has some veto rights over the preferred bidder in the sale process, it is understood. The French state-owned rail company favours a long-term investor, and therefore the sale is more likely to attract infrastructure funds rather than private equity investors, sources said. SNCF has previously said that it does not plan to submit a bid for the UK government’s stake - and sources said that SNCF does not have pre- emption rights. The National Railway Company of Belgium owns a 5% stake in Eurostar. 09.12.2014 Proprietary Intelligence ATAC attracts Chinese investors are interested in taking a stake in municipally-held interest of Chinese transport company ATAC Roma, Italian language daily Milano Finanza investors reported. The report cited FS Rome city council official Guido Improta (translated) who confirmed that talks were taking place with “Chinese partners”. Improta did not elaborate on the identity of the investors. A previous report in 2012 claimed that the city of Rome, the owner of ATAC, was looking to sell a 40% stake. 09.12.2014 Milano Finanza daily edition Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, December 2014 AK Worthington AK Worthington and Global Logistics [UK] [including GL Central], the and Global Logistics two Manchester-based logistics companies, have announced that they [UK] in talks to are in the later stages of talks to merge the two businesses as AKW merge Global Logistics. The combined businesses will operate from the newly acquired 12-acre Alba Way site on Trafford Park bringing together two of Trafford Parks most successful logistics companies and creating an ideal platform for further growth.
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