Home » Business » Packeta to be Acquired by CVC Capital Partners and Emma Capital, Pending EU Approval

Packeta to be Acquired by CVC Capital Partners and Emma Capital, Pending EU Approval

In addition to the Czech Republic, Packeta also operates in Slovakia, Poland, Hungary, Romania and Germany. In May of this year, Packeta’s shareholders announced that they would sell the company. The new owner was chosen in a public competition. “Completion of the entire transaction is subject to the approval of the European Union’s competition authorities,” the spokesperson noted. “Within CVC’s share, a minority capital investment by the Czech group R2G is still expected, which will not affect Emma Capital’s share,” he added.

CVC Capital Partners and Emma Capital will jointly manage the company. “We believe that together with our partners from Emma Capital, who know the Czech and Slovak markets well and also successfully lead other logistics companies in Europe, we can give Zásilkovna new impulses so that customers, employees and shareholders will benefit from it,” said Jakub Chanda from CVC management.

In the first quarter of this year, the postal company reported a turnover of 3.2 billion crowns, a year-on-year increase of 21.6 percent. In half a year, it transported almost 50 million shipments. The company was founded in 2010 with the aim of making it easier for e-shops to transport goods to customers. Her business accelerated during the covid pandemic, when brick-and-mortar stores were forced to close.

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“Combining the CVC fund’s investment power and reputation with our experience in the field can move the entire Zásilkovna project from the position of the Czech and Slovak number one one step further and turn it into a very important player on the European market,” said EMMA Capital Investment Director Pavel Horák.

At the end of last year, Packeta had over 15,000 distribution points in four countries and 140,000 partner points in most European countries. It cooperated with 46,000 online stores. Last year, the group had over 1,500 employees, about 380 more year-on-year. Packet in its own annual report in the summer it stated that last year its pre-tax profit fell by 40 percent to 172 million crowns.

According to earlier information, founders Simona and Jaromír Kijonk hold 48.6 percent of the shares in the Packeta group. Next to them, the Notino company owns almost 21 percent of Packet, and former Zásilkovna programmer Lukáš Bílek and entrepreneur Martin Kukačka each hold ten percent.

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2023-12-22 19:02:06
#Zailkovna #acquired #CVC #fund #Emma #Capital #Novinky

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