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

• Introduced Michel Bleitrach as Chair, 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%

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