Artemid leads the refinancing of the Redspher Group
Redspher, the leading digital transport and logistics platform in Europe, provides simplified access to ondemand transport. Redspher intends to revolutionize and shape the on-demand transport market by integrating its physical and digital dimensions. Between 2015 and 2018, the Group doubled its revenue to nearly 300 million euros. Today, Redspher employs more than 700 people in Europe after a strong recruitment phase to support its growth.
Artemid, a partner of the group since 2015, has led the €110 million refinancing operation in which the fund Artemid Senior Loan II participated. The Group will use the additional funding to pursue its growth strategy founded on a balance between organic and external growth, recently illustrated by the acquisition in early April of Speed Pack Europe, which strengthened Redspher’s presence in Spain.
“We are glad to pursue our partnership with the Redspher Group alongside its sponsor Eurazeo PME, and to reaffirm our trust in the management team. Thanks to this refinancing, the Group will be able to strengthen its territorial network, to pursue its digital strategy and to consolidate its leadership in Europe”, explains Annie-Laure Servel, Managing Partner of Artemid.
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