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CASE Corporate Finance acted as sole financial advisor to Keolis for the acquisition of a large stake in LeCab (private cars business) 

March 03, 2016

LeCab is a privately-owned French company incorporated in 2012 which provides private high-end driver services (VTC) to B2B and B2C customers in the Paris area. With a network of over 2,000 drivers, LeCab transports millions of passengers each year and is one of the largest private taxi companies in France. LeCab has around 3,500 priority customers and more than 300,000 individual customers.

Headquartered in France and owned by SNCF (70%) and Caisse de dépôt et de placement du Québec (30%), Keolis is a leading public transport operator located in 15 countries across four continents.

Beyond the large stake acquisition by Keolis, the transaction also includes a strategic partnership, which aims at supporting LeCab’s development out of Paris thanks to Keolis strong national and international footprint. LeCab has the ambition to become the on-demand transportation French leader.

CASE Corporate Finance conducted on behalf of Keolis an exhaustive review of the French private taxi market and subsequently acted as sole financial advisor to Keolis on the financial and strategic partnership concluded with LeCab.