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EQT Private Equity acquires majority stake in Parcel2Go, UK's largest parcel delivery marketplace and e-commerce shipping platform
P2G is addressing a large and fast-growing market supported by favorable secular megatrends, such as the accelerating shift from retail to e-commerce, the proliferation of e-commerce startups and marketplaces, and the continued innovation and investment in parcel delivery infrastructure.
EQT Private Equity aims to continue strengthening the position of P2G as the leading parcel delivery marketplace in the UK and support the acceleration of Company's expansion by further investing in its platform and product, as well as enabling an ambitious plan for growth and penetration of new customer segments and international markets, organically and via M&A.
Victor Englesson , Partner within EQT Private Equity's Advisory Team, said, "We are impressed by Parcel2Go's achievements to date and are looking forward to partnering with James Greenbury , his management team and Mayfair to help unlock the company's full potential. Parcel2Go is supported by numerous positive secular megatrends and represents a truly thematic investment for EQT. We are excited to continue supporting the company growth by further investing into its new platform, developing new products, and expanding into new markets."
James Greenbury , Executive Chair of Parcel2Go, said, "We're excited to welcome EQT as another high-quality partner, and we're pleased that Mayfair will continue with us on the journey. After 20 years, we're still highly ambitious and look forward to capitalising on new opportunities to innovate, disrupt the market and grow Parcel2Go."
The transaction is expected to close subject to customary approvals in July 2021 . The parties have agreed not to disclose the transaction value or financial details related to the deal.
PwC and Allen & Overy served as advisors to EQT Private Equity. Drake Star Partners (corporate finance), EY-Parthenon (commercial), PwC (financial), Goodwin Procter (legal) and Liberty Corporate Finance (management advisory) served as advisers to Parcel2Go, Mayfair and Management.
EQT Press office, press@eqtpartners.com, +46 8 506 55 334
About Parcel2Go
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https://news.cision.com/eqt/r/eqt-private-equity-acquires-majority-stake-in-parcel2go--uk-s-largest-parcel-delivery-marketplace-an,c3368576
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