More than 50% of STPP business was and is made with Lagardère and the balance with third party clients. Lagardère’s objectives was to consolidate STPP’s future, for various reasons, through selling the company to a strategic player in logistics willing and able to bring additional business and sustain its economic viability. Negotiations extended not only to the financial terms of the deal but also to the terms of a long term operating contract maintaining the business flow between Lagardère and STPP for a number of years beyond the sale.Disposal of a logistics subsidiary to a specialized logistics group:
MidCap Alliance French partner Wagram Corporate Finance advised Lagardère Group for the sale of STPP, the logistics subsidiary of its printed press business, to Axe logistics, an independent group specialized in this kind of logistics activities.
Wagram Corporate Finance
Advised in the sale of
STTP
to