MML Capital and Bpifrance completed the acquisition of a stake in LV Overseas from 21 Invest France for $249m.

MML Capital, a provider of growth capital, and Bpifrance, a French public investment bank, completed the acquisition of a stake in LV Overseas, an international freight forwarding company, from 21 Invest France, a European group investing in mid-market companies, for $249m. "I would like to thank the 21 Invest France team for the great collaboration we have had together. Their close support and their commitment were decisive in the emergence of the platform as it has become today. With the support of our new partners, LV Overseas aims to further broaden this platform of entrepreneurs, unique in the freight forwarding industry. We are delighted to welcome MML Capital and Bpifrance as new shareholders, to build solid and sustainable growth together for the years to come," Philippe Massot, LV Overseas CEO.