Goodwin Procter LLP advised Parcel2Go, Mayfair and James Greenbury on the deal.
Parcel2Go announced its agreement with EQT Private Equity (EQT) in which EQT will acquire a majority stake in Parcel2Go. Mayfair Equity Partners and management will remain as minority shareholders. P2G’s management team, including Executive Chair, James Greenbury, will continue to lead the company, building on its strong execution track record of growth and product innovation. Financial terms were not disclosed. The transaction is expected to close in July 2021.
Founded over 20 years ago and headquartered in Bolton, Parcel2Go has grown to be the category leader, providing marketplace services to all major UK carriers, offering collection and delivery services throughout the UK, Europe, and countries across the world.
Mayfair Equity Partners is a leading UK-based tech and consumer growth investor managing in excess of £1bn in commitments. Its primary focus is on building strong partnerships with exceptional management teams. Mayfair has a strong track record in supporting digitally enabled businesses.
The Goodwin team advising Parcel2Go and Mayfair was led by James Grimwood (Picture) and Stanislav Shishkin and included Shruthi Anand, Stefania Athanassopoulou, Dulcie Daly, Amy Francis, Richard Hughes, Gretchen Scott, and Nikhil Vyas.
Carl Bradshaw and Camilla Bunney advised James Greenbury and the rest of the management team.
Involved fees earner: Stefania Athanassopoulou – Goodwin Procter; Carl Bradshaw – Goodwin Procter; Camilla Bunney – Goodwin Procter; Dulcie Daly – Goodwin Procter; Amy Francis – Goodwin Procter; James Grimwood – Goodwin Procter; Richard Hughes – Goodwin Procter; Gretchen Scott – Goodwin Procter; Stanislav Shishkin – Goodwin Procter;
Law Firms: Goodwin Procter;