A consortium of investors will become the new owner next year. The partners of the Packeta group, which also operates from 7 local entities including Slovakia, Poland, Hungary, Romania, and Germany, concluded an agreement on the sale of 100% of the shares of Packeta s.r.o. CVC Capital Partners and Emma Capital consortium; with capital support from R2G. The transaction is subject to the approval of the relevant regulatory authorities and is expected to close in the first half of 2024. The terms of the transaction are confidential. The Packeta Group has been profitable for a long time and this year it will reach a turnover of 7.25 billion Czech crowns (294.5 million euros).
“First of all, I would like to thank more than 2,000 colleagues for their contribution in building the Packeta group, which today is one of the leading European platforms for the delivery of parcels in the field of e-commerce. Without their efforts and skills, Packeta would not be where it is today and I sincerely thank everyone for that. My thanks also go to our clients, the e-shops who entrusted us with their shipments. Together, we have significantly contributed to the significant growth of the modern e-commerce industry in Central Europe in the last decade. I believe that the new investors, who have shown us knowledge and experience in the last mile delivery industry, will help the Packeta group grow even more and increase the level of service for our customers and clients, as well as the job satisfaction of our great employees. I would also like to thank our advisors and management team for their significant help and assistance in this very challenging, international and diverse project. Last but not least, I would also like to thank all the partners who have helped me manage the company over many years and have been my support, especially in the difficult last years,” comments Simona Kijonková, founder of the Czech company Zásilkovna, CEO of the Packeta Group and representative of the owner of the largest share in the Packeta Group.
JSK Investments. The process of finding investors started this spring and was led by financial advisors CORPIN (representing JSK Investments) and IMAP REDBAENK (representing the other partners). The legal advisors were Havel Partners (representing JSK Investments), HLADKY.LEGAL and AXIALIS LEGAL (representing the other partners). Vendor Due Diligence services were provided to CMS by Cameron McKenna Nabar Olswang, Ernst&Young and Boston Consulting Group. The search for a suitable investor for the Packeta group, which took place for most of 2023, resulted in a significant number of investment offers from various financial and strategic investors, mostly significant international groups.
Original article HERE
Image source: https://www.packeta.sk/