BaltCap to acquire Xpediator for £62m.

BaltCap, a private equity fund manager, agreed to acquire Xpediator, a freight management company, for £62m. "Since its IPO in 2017, Xpediator has undergone a period of significant transformation and growth, having completed four UK acquisitions and strengthening its presence organically in the CEE regions, particularly in the Baltics. In more recent years, Xpediator has endured numerous director changes and instability at the Board level, and this, alongside not inconsiderable macro-economic challenges, has contributed to a deterioration in the performance of the two major UK operations, and as a result, the Xpediator Group working capital position," Gillian Wilmot, Xpediator Interim Chairman.