Talde and KCE Exit: Cacesa Sold to CTT Group
Deal News | Dec 20, 2024 | Talde Gestion SGEIC SA
Talde Private Equity and KCE have divested their majority stake in Cacesa, a prominent player in e-commerce customs management within the European Union, to the CTT Group. Talde and KCE took an interest in Cacesa at the end of 2021 to advance its growth and international reach. Under their ownership, Cacesa solidified its leadership in the sector, expanding operations across various European countries and beyond. With this strategic sale, Cacesa will now be integrated into CTT Group, enhancing both entities' market presence across the Iberian Peninsula and Europe. While the transaction awaits Spanish regulatory approval, it is anticipated to conclude in the coming months. The disposal signals a significant step in the consolidation of e-commerce logistics capabilities within the region. Throughout the process, Lazard and Latham Watkins served as advisors to Cacesa's shareholders.
Sectors
- Private Equity
- E-commerce
- Logistics & Transportation
Geography
- Spain – The transaction involves Spanish regulatory approvals, and Cacesa is a leader in customs management within the European Union.
- European Union – Cacesa operates extensively in customs and airport management across the EU, making the region central to its operations and market impact.
- Iberian Peninsula – CTT Group, the acquiring company, is a leading e-commerce player in this geographic area.
Industry
- Private Equity – Talde Private Equity and KCE involved as investors in Cacesa, emphasizing the investment and divestment process typical in the private equity sector.
- E-commerce – Cacesa specializes in e-commerce customs management, playing a critical role in the logistics and import processes for global online marketplaces.
- Logistics & Transportation – CTT Group's focus on last-mile e-commerce services signifies its involvement in the logistics industry, especially with its expansion through acquiring Cacesa.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Talde Private Equity | Seller | Company | An investment firm that held a majority stake in Cacesa. |
| KCE (Kaizaharra Corporacin Empresarial) | Seller | Company | Co-investor with Talde in Cacesa. |
| Cacesa | Target | Company | A European leader in customs and airport management for e-commerce. |
| CTT Group | Buyer | Company | A leading last-mile e-commerce company in the Iberian Peninsula acquiring Cacesa. |
| Rodrigo Peas | CEO of Cacesa | Person | Leading Cacesa, continuing responsibilities post-transaction. |
| Lazard | Financial Advisor | Company | Provided financial advisory services to Cacesa shareholders. |
| Latham Watkins | Legal Advisor | Company | Provided legal advisory services to Cacesa shareholders. |
| Spanish Regulatory Authorities | Government | Government | Responsible for approving the transaction under Spanish regulations. |