Source: Financial News

Hermes: Advent acquires Hermes UK in €1bn deal amid online sales boom

US-based private equity firm Advent is set to acquire a 75% stake in the parcel delivery business Hermes UK from its parent company Otto Group. The deal is valued at around €1bn including debt, a person familiar with the matter told Private Equity News.

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Martijn de Lange's photo - CEO of Hermes Parcelnet Ltd.

CEO

Martijn de Lange

CEO Approval Rating

90/100

Hermes is a consumer delivery company that provides courier and parcel delivery services for businesses. Read more