CMS advises consortium on a recommended EUR 7.8bn all-cash offer for InPost
CMS has advised an investor consortium consisting of Advent, FedEx, A&R Investments and PPF on its recommended offer to acquire all issued and outstanding shares of InPost S.A., the leading European e-commerce and automated parcel locker platform. The transaction values 100% of InPost shares at approximately EUR 7.8bn.
The consortium comprises funds managed by Advent International, FedEx, A&R Investments Ltd., and PPF Group. Under the terms of the offer, shareholders will receive €15.60 per share. Following settlement of the transaction, the consortium's ownership structure will be as follows: Advent – 37%, FedEx – 37%, A&R – 16%, and PPF – 10%. PPF will tender all of its shares and subsequently reinvest a portion of the proceeds in exchange for a 10% stake in the consortium.
InPost operates a network of over 61,000 automated parcel lockers and more than 33,000 pick-up and drop-off points across nine European countries including Poland, the United Kingdom, France, Italy, Spain, Portugal, Belgium, the Netherlands, and Luxembourg. InPost will continue to operate as a standalone company under the InPost brand, with its headquarters in Poland and its current management structure under the leadership of founder and CEO Rafał Brzoska.
The CMS team was the only Polish law firm involved in this transaction providing comprehensive, cross-border legal advice in this high-profile public M&A transaction.
The CMS team was led by Sławomir Czerwiński and Ryszard Manteuffel, with support from Łukasz Duchiński, Antoni Wandzilak, Krystian Kowalski and Dominika Pietkun (Corporate); and Krzysztof Sikora (Competition).
