CMS has advised CVC Funds (“CVC”) in collaboration with Emma Capital on the acquisition of FoxPost, a key player in the Hungarian parcel locker market. With a robust network of over a thousand e-commerce partners and a remarkable delivery record of 10 million packages last year, FoxPost stands as a prominent figure in the industry.
The acquisition signifies a strategic milestone that is poised to reshape the market landscape. The team was led by partner Helen Rodwell with the support of Budapest based partner Eszter Torok, senior counsel Zoltan Poronyi and associate Orsolya Pass.
CVC, a distinguished global equity and investment manager with assets under management totalling EUR177 billion, brings a wealth of experience to the table. With investments in 125 companies generating an annual turnover of approximately EUR100 billion, CVC's extensive network spanning 29 offices worldwide sets a solid foundation for this venture.
Complementing this powerhouse is EMMA Capital, a private investment holding founded by Jiří Šmejc in 2012. The firm's strategic focus on retail and customer-oriented companies aligns seamlessly with the shared vision for this acquisition.
Helen Rodwell, partner and Head of Corporate and M&A at CMS Prague, said, “We are very pleased to have supported CVC and Emma Capital. Following their acquisition of Packeta this year, the acquisition of FoxPost further strengthens their presence in the delivery services sector in Central and Eastern Europe.”
