EQT

Parcel2Go (“the Company”), the parcel delivery marketplace and e-commerce shipping platform, has 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 its commitment to customer service and innovation has allowed it to maintain a leadership position in the parcel delivery marketplace. Since 2021, it has grown its Smart Send offering and launched new strategic accounts in Digital Partner Solutions. The Company has also made substantial investments in its technology infrastructure and operational structure.

Paul Doble, CEO of Parcel2Go, said: “Parcel2Go is a superb business, and this transaction sets us up to achieve strong and sustainable performance over the coming years. We are grateful to our past and present investors for all their support. We look forward to remaining at the heart of the UK parcel delivery ecosystem as we embark on our next phase of growth.”

Rikke Nielsen, Partner in the EQT Private Equity advisory team, said: “We want to thank the management team and all employees of Parcel2Go for their commitment and hard work over the past years. The Company is well-equipped to continue providing real value to customers, carriers, and partners into the future.”

The transaction is subject to customary conditions and approvals.

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EQT Press Office, press@eqtpartners.com