Advent and FedEx consortium buys InPost for €7.8bn

(Sharecast News) - A consortium of Advent and FedEx has agreed a €7.8bn deal to buy Polish parcel locker company InPost for 15.60 euros per share, the companies said on Monday. Under the deal, Advent and FedEx each will own 37% of the company, while A&R, the investment vehicle of InPost CEO Rafal Brzoska will hold 16% and PPF, the investment firm of the Czech Kellner family, will hold the remaining 10%.



"The consortium will help drive InPost's growth potential as a leading European ecommerce solutions enabler by supporting its existing growth strategy including further expansion of its parcel locker network and growth in consumer-centric digital solutions," the companies added.

InPost will continue to operate under its brand with its head office in Poland and current management structure led by Brzoska.



Reporting by Frank Prenesti for Sharecast.com