Transport Intelligence reports:
The Otto Group has sold a controlling stake in the parcel carrier Hermes UK, along with smaller parts of its last-mile operations in Germany.
The London-based private equity firm Advent International has effectively bought a “75% shareholding in Hermes UK, Advent will also acquire a 25% stake in Hermes Germany, which includes other Hermes Germany Group companies including BorderGuru and a share in the ParcelLock joint venture.”
The deal, announced …
The post Ti: Private equity invests in Hermes appeared first on The Loadstar.
Source: The Loadstar
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