XMS NEWS CENTER

XMS Serves as Exclusive Financial Advisor to National Express on Sale of Ecolane

Jul

24 2019

XMS Serves as Exclusive Financial Advisor to National Express on Sale of Ecolane

CHICAGO, ILLINOIS, July 24, 2019 — XMS Capital Partners, LLC (“XMS”), a global, independent financial services firm providing investment banking, asset management and merchant banking services, announced that it served as exclusive financial advisor to National Express Group PLS (LSE:NEX) (“National Express”) on its divestiture of Ecolane Finland Oy (“Ecolane”) to a Private Equity technology fund.

Ecolane, a Wayne, Pennsylvania based software as a service (“SaaS”) technology business, is the industry-leading provider of intelligent and modern, web-based transit scheduling software. Combining a powerful, easy-to-use demand-response platform with powerful and customizable reporting capabilities, Ecolane software enables transit providers to increase productivity, streamline efficiency, and grow client satisfaction.

The $52 million carveout sale price consisted of $42 million in cash, plus a $10 million equity stake in the acquirer’s rapidly growing technology fund, representing a consideration at a significant multiple to the original purchase price. Judith Crawford, CEO of National Express’ Transit Business was quoted stating, “The XMS team did a great job of advising National Express and the Ecolane management team to deliver a great outcome for our shareholders and the business.”

XMS Capital Partners, led by Scott Mulcahy, acted as exclusive financial advisor to National Express for this transaction.

About XMS Capital Partners

XMS Capital Partners, established in 2006, is a global, independent financial services firm providing investment banking, asset management and merchant banking services to clients. It has offices in Chicago, London and Dublin.

XMS provides Involvement BankingTM, which goes beyond transaction oriented investment banking and focuses on delivering objective, value added advice and custom tailored solutions to help clients achieve their strategic goals. It consistently creates value for its clients by giving them access to comprehensive, independent M&A, strategic advisory, financial restructuring, capital structure advisory and private capital advisory expertise.

XMS Capital Partners, LLC is a FINRA member and SIPC member. XMS Capital Partners (UK) Limited is authorized and regulated by the Financial Conduct Authority. For more information, please visit www.xmscapital.com.

Deal Contact:

Scott Mulcahy