Source: The Loadstar

Hermes: Ti: Private equity invests in Hermes

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.

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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