CVC has agreed to acquire Packeta Group (“Packeta”), a leading e-commerce logistics and out-of-home delivery player in the Czech Republic and Slovakia through its CVC Capital Partners VIII. CVC Funds will acquire the business in partnership with local investment group EMMA Capital. The transaction is also envisaged to be capitally supported by R2G on closing.
Since its founding in Prague in 2010, Packeta has developed into one of the leading out-of-home logistics players in the Czech Republic and Slovakia, with nation-wide delivery networks and one of the most trusted and recognisable brands in the region. Packeta, through a footprint of more than 9,000 third-party pick-up and drop-off points and more than 6,000 automatic parcel machines, provides comprehensive last-mile e-commerce delivery solutions to a customer base of over 45,000 retailers, as well as straight to consumer home delivery services.
Following several investments in Czech headquartered but internationally successful businesses, we are really excited to help further excel Packeta’s expansion.
Jakub Čanda Senior Managing Director
Jakub Čanda, of CVC said: “Following several investments in Czech headquartered but internationally successful businesses, we are really excited to help further excel Packeta’s expansion. As a leading player operating in this growing sector, supported by multiple consumer spending tailwinds, Packeta is very well positioned for further growth in in its core geographies. Looking to the future we see significant opportunity to strengthen this position as well as branch out into new markets and customer services segments.”
István Szőke added: “At CVC we have extensive experience of investing across Central and Eastern Europe helping fast-growing businesses achieve ambitious growth strategies and become more efficient at serving their customers over wider geographies. We are looking forward to working together with EMMA Capital to continue Packeta’s development and expansion, further enhancing the high quality services already provided to their customers.”
EMMA Capital's Investment Director, Pavel Horák, added: “By combining the investment strength and reputation of CVC with our experience in the industry, Packeta can step up from its current position in Czechia and Slovakia and become a much more meaningful player on the European market.”