TOP CHRONO is a leading express courier service in the Ile-de-France region. Its turnover has increased at an average annual rate of 20%, reaching €43 million in 2019. The Group is ramping up its home delivery business for e-commerce and mass retail heavyweights such as AMAZON, FNAC, CARREFOUR, EVIAN and BERGAMOTTE. It is also the Ile-de-France region's leader in B2B transport (urgent courier services, shuttle services, national/international deliveries, etc.) with more than 4,000 customers, including many prestigious, highly demanding companies, particularly in the luxury goods sector.
TOP CHRONO has several key strengths underpinning its growth: an experienced team, agile organisation, high-quality services, the ability to innovate and strong commercial drive. With its unique profile combining three complementary activities - home delivery, urgent courier services and shuttle services - the Group is ideally placed to meet the challenges posed by new last-mile logistics in the cities of tomorrow.
Under the guidance of ADVISO PARTNERS, the transaction involved finding new partners to work with Bruno NEVEU, TOP CHRONO's chairman, and provide support alongside the departure of his two partners. The two firms SIPAREX and BPIFRANCE were ultimately selected to embark on a new phase of growth for the Group alongside Bruno NEVEU and TOP CHRONO's management team, which will also be involved in the transaction.
With SIPAREX MIDCAP and BPIFRANCE on board as investors, TOP CHRONO will have the means to accelerate its strategy of expanding its digital and e-commerce activities and building up its position in a still fragmented sector. The Group also intends to continue its regional development following the opening of sites in Lille, Lyon and Bordeaux, as well as rolling out new eco-mobile logistics solutions meeting the expectations of citizens and consumers living in city centres.
"I am delighted to embark on this new stage in TOP CHRONO's development, with the entire management team on board, and with the support and trust of SIPAREX and BPIFRANCE. My new partners have extensive experience not only in services, logistics and digital technologies, but also, crucially, in supporting fast-growing companies. Our collective ambition is to bring together other express transport operators and thus continue to innovate and improve our offer" - Bruno NEVEU, Chairman of TOP CHRONO
"TOP CHRONO has an experienced, highly dynamic business leader and a high-quality, close-knit management team. They convinced us of the solid fundamentals of TOP CHRONO, which stands out for the agility of its model both commercially and operationally, its ability to innovate and anticipate market developments, and its unifying company values, which are the keys to the Group's remarkable development" - Augustin de JERPHANION, Associate Director of SIPAREX, and Stéphane AGAËSSE, Director of SIPAREX MIDCAP
"We are pleased to have supported TOP CHRONO's shareholders with this transaction. With SIPAREX and BPIFRANCE as shareholders, the Group will be able to further accelerate its growth and command a leading position in express delivery, a sector undergoing consolidation" - Marc LEBRUN, Partner at ADVISO PARTNERS
