Crossminds supported Shypple with the acquisition and performed due diligence on the financial and tax aspects of Milestone Group.
Shypple is founded in 2016 by Jarell Habets and is a fast-growing digital freight forwarder in the Netherlands. Shypple offers a digital platform for easily booking containers and managing the entire end-to-end supply-chain in one centralised system. In 2019, Shypple received the award of ‘Sprout Start-up of the Year’ and was named one of the Top 100 European Start-ups to follow by the famous American magazine ‘Wired’. Shypple proves this through its digital business model and potential to transform the traditional expedition industry. Since 2018, Shypple has doubled its revenue year-on-year. Shypple is backed by investors such as the Dutch Founders Fund, Newtown Partners, Innovation Quarter, BOM Brabant Ventures and other private investors.
Milestone Group has grown into a well-known shipping company with extensive experience in temperature-controlled transport (mainly imports from Central America) and container transport (mainly imports from Asia). Milestone Group B.V. is a diverse company that deals with import and export activities through air and sea transport. The company benefits from strong customer relations and is known for offering high-quality services at competitive rates.
With the acquisition, Shypple is expanding its presence in Europe, Asia and Central America. Milestone’s clients will be able to use Shypple’s digital platform. With this transition, Shypple is the first digital fowarder in the field of perishables.
Crossminds and DRV were jointly involved in this transaction. The Crossminds team consisted of Pieter Poortvliet, Marco du Pré, Arjen van de Velde, Donna van der Ven and Tim Crucq.
DRV contributed specialist knowledge in the field of taxation and pensions through Pieter beereboom, Werner van Zundert, Arjan de Haan, Tamara van Mourik and Ramon de Jong.
Senior consultant
T: +31 6 29 33 93 02
E: pieterpoortvliet@crossminds.nl