August 12, 2020
Advent International invests in Hermes UK, a consumer delivery company in the UK, and will acquire a 75% stake.
This investment will support Hermes in the future growth of the business, and in the rapidly growing parcel delivery sector. Hermes UK is currently looking for more than 10,500 people to join its business, to meet the huge demand created at home shopping during lockdown, and the continuing growth in the sector.
Martijn de Lange, CEO at Hermes UK, said: “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.”