Track record
  • Keolis L.jpg
    Keolis
    France / Private Equity

    Industrial

    Overview

    Keolis is a leading urban and inter-urban transport operator. At the time of 3i’s exit in 2006, Keolis operated in seven countries including the UK, Sweden, Germany and Canada. It employed over 33,000 staff and had a turnover of €2.6bn.

    Highlights under our ownership

    • Introduced Michel Bleitrach as Chairman, Michel Lamboley as CFO, and Jean Michel Mauvilly as NXD
    • Assisted with four key French acquisitions and recruited full-time M&A team to ensure consistent pipeline for growth
    • Worked with management to structure the group involving a comprehensive reorganisation of the business in France including the promotions of 30 young managers and the setup of an equity based incentive program for nearly 400 managers
    • Solved the succession issues and attracted top talents
    • Grew EBITDA by over 32% to €155m between 2003 and 2006
    • 3i sold its majority stake in 2006 to a consortium for €1.08bn, with an IRR of 110%
    “3i’s industry expertise and contacts helped us prioritise our plans, win major contracts in existing geographies such as Sweden and the UK, and evaluate new locations for growth. As a result, international growth was disciplined, quick and profitable.” Michel Bleitrach, CEO, Keolis

    Regulatory information 
    This transaction involved a recommendation of 3i Investments plc, advised by 3i France.

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