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Announced

Completed

Crédit Agricole completed the acquisition of Hiflow from Hi Inov Dentressangle.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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France

Friendly

Cross Border

Private Equity

Delivery Services

Single Bidder

Private

Completed

Acquisition

Majority

vehicle delivery

Synopsis

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Crédit Agricole, a French international banking group, completed the acquisition of Hiflow, a vehicle transport solution for professionals, from Hi Inov Dentressangle, an investment firm. Financial terms were not disclosed. "Hi Inov has been involved in all our major strategic decisions. Their advice enabled us to take the necessary distance to make the choices that led us to become the European leader. Hi Inov’s positioning as an entrepreneur-investor is not an empty word, it has enabled us to build a quality relationship over the long term. Furthermore, Hi Inov has opened up its network of contacts and its community of experts to us, all of which were key factors in creating structuring opportunities over the long term,” Claire Cano-Houlier and Idriss Hassim, Hiflow Co-Founders.

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