Liberty are delighted to have advised the management team of Parcel2Go, the UK’s largest parcel delivery marketplace and e-commerce shipping platform, on their latest transaction. EQT Private Equity (EQT) has invested in the business, acquiring a stake from Mayfair Equity Partners (Mayfair), management and certain selling shareholders.
P2G is addressing a large and fast-growing market supported by favourable secular megatrends, such as the accelerating shift from retail to e-commerce, the proliferation of e-commerce start-ups and marketplaces, and the continued innovation and investment in parcel delivery infrastructure. Through a combination of lowest prices, the widest choice of carriers, marketplace integration and best-in-class customer service, Parcel2Go provides customers with a genuine alternative to the Post Office; it is also a highly strategic partner to carriers throughout the UK.
In 2019 Mayfair backed the management buyout of Parcel2Go, acquiring a majority shareholding in the business alongside Parcel2Go’s management team, led by its Executive Chair, James Greenbury. The company has evolved rapidly under Mayfair’s ownership, consistently maintaining a commanding market share and adopting a number of key operating improvements in partnership with Mayfair, from new pricing and marketing initiatives to strengthening its management team.
Mayfair, management and 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.
The transaction is expected to close subject to customary approvals in July 2021.