Private Equity: Advent Invests in Hermes UK

August 12, 2020 | Latest News, News, Private Equity
https://dailyalts.com/wp-content/uploads/2020/08/HermesSmalltruck-326x245-1.jpg

Private Equity: Advent Invests in Hermes UK

Courier services company Hermes will soon benefit from a hefty investment from private equity firm Advent International.  Otto Group has previously announced that it will partner with Advent to grow Hermes Group in Germany and the UK.  

Advent International and Otto Group will partner their management teams to achieve a 75 percent hold in Hermes UK.  Otto Group will have the remaining 25 percent.  The goal of this deal is to help Hermes UK bolster its investments in technology, infrastructure, and strategies.  These investments should help to compete in a robust parcel delivery industry.  Following the buyout, Hermes is planning to go on a hiring spree to meet the rising demand as a result of the Coronavirus pandemic.  Hermes is expecting record levels of business and plans to meet all of its customers’ needs.  

CEO of Hermes UK Martijn de Lange stated “This is fantastic news for Hermes UK as we continue our upwards trajectory in the fast-growing and capital-hungry home delivery sector. The investment will enable us to remain independent and be agile and responsive to future market requirements. It will help to expedite the development of our capacity and technology, supporting the introduction of new innovative products and services that will greatly benefit our retail clients and their customers.”

About Advent

Advent International is a leading global private equity firm that focuses on buyouts.  Its focus areas are in Europe, North America, Latin America, and Asia.  The firm has $54 billion assets under management.  In addition to the 75 percent stake in Hermes UK, Advent plans to acquire a 25 percent stake in Hermes Germany.  

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2022/01/Bink-app-shot.png
FinTech: Lloyds To Acquire Stake In Loyalty App Bink
January 4, 2022     FinTech, News

Lloyds Banking Group (LON: LLOY), Britain’s biggest mortgage provider, will acquire a minority stake in loyalty app Bink, according to a report by Sky News for an undisclosed amount that…

https://dailyalts.com/wp-content/uploads/2022/01/Screenshot-2022-01-04-at-22-29-49-Screenshot-Pawson-2.png
Digital Assets: Coinbase CEO Armstrong Said To Have Splurged $133M On Home In LA
January 4, 2022     Digital Assets, News, Real Estate

An iconic property in Bel Air, Los Angeles, designed by internationally acclaimed English architect John Pawson changed hands last month for $133 million and the buyer was Coinbase (NASDAQ: COIN)…

https://dailyalts.com/wp-content/uploads/2022/01/47752022922_e4569a2f0e_c.jpg
Alternative Investments/ESG: VegTech Invest Launches Plant-Based Innovation & Climate ETF

VegTech Invest advisory has launched the VegTech Plant-based Innovation & Climate ETF (Ticker: EATV), its first financial product. The ETF offers exposure to publicly traded companies actively innovating with plants…

https://dailyalts.com/wp-content/uploads/2022/01/Screenshot-2022-01-04-at-18-48-26-超·世界.png
Venture Capital: Chinese AI Startup Parametrix Raises $100M, Turns Unicorn
January 4, 2022     Artificial Intelligence, News, Venture Capital

Chinese AI company Parametrix.ai has raised $100 million in a Series B round led by Sequoia China and joined by existing investors 5Y Capital and Gaorong Capital. Though the valuation…