EQT sells portfolio company Parcel2Go

Munich — Since 2021, Parcel2Go has taken a leading posi­tion in the UK parcel deli­very system and made signi­fi­cant invest­ments in its tech­no­logy infra­struc­ture and opera­ting struc­ture. Parcel2Go (“the Company”), the parcel deli­very market­place and e‑commerce ship­ping plat­form, today announ­ced a change of owner­ship from EQT Mid Market Europe (“EQT”) and mino­rity inves­tors to a new inves­tor group. Parcel2Go was acqui­red in June 2021 and has estab­lished a leading posi­tion in the parcel deli­very market thanks to its commit­ment to custo­mer service and inno­va­tion. Since 2021, the company has expan­ded its smart send offe­ring and acqui­red new stra­te­gic custo­mers in the digi­tal part­ner solu­ti­ons space. The company has also made signi­fi­cant invest­ments in its tech­no­lo­gi­cal infra­struc­ture and opera­tio­nal struc­ture. Paul Doble, CEO of Parcel2Go, said: “Parcel2Go is an outstan­ding busi­ness and this tran­sac­tion posi­ti­ons us to deli­ver strong and sustainable perfor­mance over the coming years. We are grateful to our previous and current inves­tors for their support. We look forward to remai­ning at the heart of the UK parcel deli­very system as we embark on our next phase of growth.” Rikke Niel­sen (photo © EQT), Part­ner in EQT Private Equity’s advi­sory team, said: “We would like to thank the manage­ment team and all employees of Parcel2Go for their dedi­ca­tion and hard work over the past years. The company is well posi­tio­ned to conti­nue crea­ting real value for custo­mers, carri­ers and part­ners going forward.” The tran­sac­tion is subject to custo­mary condi­ti­ons and approvals. 

About EQT

EQT is a purpose-driven global invest­ment orga­niza­tion with total assets under manage­ment of EUR 246 billion (EUR 134 billion in fee-earning assets), mana­ged in two busi­ness segments — Private Capi­tal and Real Assets. EQT owns port­fo­lio compa­nies and assets in Europe, Asia Paci­fic and the Ameri­cas and supports them in achie­ving sustainable growth, opera­tio­nal excel­lence and market leader­ship. Trans­la­ted with DeepL.com (free version)