PORTFOLIO / Parcel2Go
Building Europe’s leading provider of online shipping solutions to power e-commerce.
Sales
£130m
Employees
>300
Investment date
December 2019
Status
Current
The company
Web traffic growth since Mayfair investment
>65%
Headcount growth since Mayfair investment
>40%
The investment
Mayfair backed Parcel2Go’s ambitious and entrepreneurial management team to cement their market leadership in the UK, with the potential for further expansion through M&A opportunities. The team is also focused on a programme of product innovation to create the best available experience across all parts of the customer journey.
Our partnership
Mayfair has supported the business in several areas including:
• Supporting the management team to deliver a superior customer experience through convenient drop-off and collection locations, a range of payment options, and innovations such as Smart Send, which allows eCommerce marketplace sellers to seamlessly manage their parcel deliveries across platforms including eBay, Etsy and Amazon.
• Building on existing excellence in digital marketing including customer acquisition and retention, whilst exploring new areas of opportunity such as innovation in data analytics and offline marketing.
• Assessing M&A opportunities that provide a complementary strategic fit to Parcel2Go.
“We wanted to work with Mayfair because of their partnership ethos, which was clearly demonstrated from a very early stage, even before the deal was completed. Since then, our teams have developed a close working relationship built on mutual respect to shape and execute a plan that will enable our business to grow much faster and with far less risk.”
James Greenbury, Executive Chairman and Chief Executive Officer at Parcel2Go
