Carmin Finance has advised the Walden Group, a major player in the supply chain and a leader in healthcare logistics in Europe, to acquire 100% of the capital of Relais Colis. The French company Relais Colis, a historic network of relay and home delivery services, currently delivers more than 50 million parcels per year.

With this transaction, Walden would strengthen its Premium Express Delivery business (operated through Ciblex, DPXS, Eco Courses Optic, Sopharty) dedicated to last mile solutions in Europe, in order to open new distribution channels to its customers. This acquisition would be fully in line with the Walden Group’s strategy to complete its express transport offer by investing in the responsible B2C sector.

Relais Colis is today a key brand in the world of distance selling and e-commerce with 3 million consumers delivered every month. A preferred partner of major e-commerce players, including La Redoute, Cdiscount, Amazon and Vinted, Relais Colis has nearly 500 employees.

Relais Colis is today a key brand in the world of distance selling and e-commerce with 3 million consumers delivered each month. A preferred partner of major e-commerce players, including La Redoute, Cdiscount, Amazon and Vinted, Relais Colis has nearly 500 employees, an integrated network of 4 national hubs, 25 regional agencies and 6,300 local retailer-partners in mainland France.

About Relais Colis

Inventor of the concept of delivery in local relays since 1983, Relais Colis is the 1st network of delivery to individuals in relays and at home. With more than a year’s experience, Relais Colis is the partner of many e-commerce players. Relais Colis offers a complete range of increasingly innovative solutions combining delivery in local points, delivery between individuals and home delivery for heavier parcels and olmines. In a desire to be always at the forefront of services and customer experience for delivery, Relais Colis does not hesitate to invest in technology to meet the challenges of the market: Relais Colis has developed new connection solutions and efficient and effective traceability tools, accessible to its customers, and new mechanized platforms to deliver more and faster. In Relais Colis more than 50 million parcels are delivered to consumers each year, including 2 million to their homes, an integrated network of 4 national hubs, 25 regional agencies and 6,300 local retailers in mainland France.

About New R

New R is the holding company born from the takeover of La Redoute and Relais Colis by its directors, Nathalie Balla and Eric Courteille, in 2014.

About Walden

Founded in 1951 in France, the Walden Group is a family-owned company whose ambition is to become a global player in healthcare supply chain and logistics. The group’s activities are managed by 5 companies: Ciblex, for express transport, Movianto, for healthcare logistics, Eurotranspharma and Transpharma International for pharmaceutical transport and Pharma Pilot for IT solutions. The Walden Group has grown rapidly with the recent acquisition of Movianto in June 2020. Present in 16 countries (France, Spain, Germany, the Netherlands, Belgium, Denmark, England, Scotland, Wales, Northern Ireland, Ireland, Switzerland, Morocco, Poland, the Czech Republic and Slovakia), the group employs more than 6,000 people on 180 sites and more than 800,000 m of floor space. The Walden Group will achieve a 1.7B€ turnover for the year 2021.

Stéphane Baudry, Chairman of the Walden Group, commented: “The completion of this transaction would make us the second largest express delivery company in France after La Poste. It would give e-retailers access to a new and very attractive network: the most extensive network in the country, the latest pick-up times, the earliest express delivery times in the market. Our objective is to offer a new ecosystem of solutions to our customers and those of Relais Colis in order to serve their omnichannel strategies. The Relais Colis model also appealed to us because we believe in the potential of local delivery networks, aligned with our vision of a sustainable economy, i.e. with grouped deliveries to reduce environmental impact and home delivery by appointment only when necessary (customers with reduced mobility or bulky items). I have every confidence in Christophe Cornilleau, CEO of Walden Express International, to orchestrate this project. croyons au potentiel des réseaux de livraison en points de proximité, alignés avec notre vision d’une économie soutenable, c’est-à-dire avec du groupage des livraisons pour réduire l’impact environnemental et de la livraison à domicile sur rendez-vous seulement lorsque cela est nécessaire (clients à mobilité réduite ou objets encombrants). Je fais toute confiance à Christophe Cornilleau, CEO de Walden Express International, pour orchestrer cette intégration. »

ADVISORS:

Sell-side advisors:

• Legal advisors: Darrois Villey (Christophe Vinsonneau, Clémence Gendre, Didier Théophile, Aya Bachiri, Vincent Agulhon)

Buy-side advisors:

• Legal advisors: Veil Jourde (François de Navailles, Gabriel d’Amécourt, Alexandre Bavoillot)
• Competition: Maulin Avocats (Romain Maulin, Laetitia Gosselet)
• Financial advisors : Carmin Finance (Christophe Pothier, Adrien Michaud)
• Due diligence / Finance: Cabinet Oderis (Thomas Claverie, Mathilde Pouzadoux, Nicolas Guérin)
• Due diligence / Social: Oneida (Michel Erard, Virginie Garnier, Marwa Touihri)