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/2021/07/bitcoin-2668211_640.jpg
Digital Assets: Bitcoin Closes In On $40K After Amazon Rumors Spark Rally
July 26, 2021     Digital Assets, News

Bitcoin, the leading cryptocurrency, which had been in a downtrend since its April highs, and tested $30,000 on more than one occasion, surged nearly 15% after a rumor that Amazon…

https://dailyalts.com/wp-content/uploads/2021/07/rivian-r1t-7.jpg
Venture Capital: Rivian Lands $2.5B; Plans Second EV Plant Including For Batteries
July 26, 2021     Latest News, News, Venture Capital

Electric vehicle maker Rivian announced Friday (July 23, 2021) its close of a $2.5 billion funding round led by Amazon’s (NASDAQ: AMZN) Climate Pledge Fund, D1 Capital Partners, Ford Motor…

https://dailyalts.com/wp-content/uploads/2021/07/champagne-2178775_640.jpg
Liquid Alternatives: Three Reasons
July 26, 2021     Liquid Alternatives, News

Spawned after the 2008 financial crisis, liquid alternatives have disappointed investors. During the 2010s, these instruments averaged an annualized gain of 1.66%. Writing in Morningstar, columnist John Rekenthaler makes a…

https://dailyalts.com/wp-content/uploads/2021/07/Ez4eEsTWUAMC8Gz.jpg
FinTech: UK-Based PensionBee Reports Assets Under Administration Have Doubled In A Year
July 26, 2021     FinTech, News

An influx of new customers has boosted two-fold PensionBee’s assets under administration as at June 30, 2021. Further, in a landmark year, PensionBee (LON: PBEE) raised £55 million from an…