About the deal

Axereal sold its minority equity stake in Services Portuaires Sètois (SPS) to the company’s 3 other co-owners (Sogena, CAT, Maritime Kuhn)

SPS provides port handling services (consignment, loading, unloading, warehousing, transit and customs clearance) and manages all port personnel (including dockers). It is the incumbent operator for all port services in Sète

This transaction is part of the Axéréal Group’s strategic initiative to divest its port operations in Sète. The initial phase of this plan was concluded in September 2022, when the port storage facilities (Centre Grains) were sold to Saipol, subsidiary of Avril Group

Sogena is a family-owned shipping services specialist, CAT is a European leader in automotive transport and logistics, Maritime Kuhn is a French leader in logistics and port handling.

What we did

Capitalmind Investec has assisted Axéréal group all along the sale process: designing deal tactics, handling the discussions with external strategic buyers and co-owners, managing the process (incl. managing marketing notes, valuation materials and Q&As, preparing of Axéréal board meetings, etc.).