Clipperton acted as sole sell-side financial advisor to Packlink, its management and shareholders (a.o. Eight Roads, Accel and Active Venture Partners) on its sale to Auctane, a US-based leader in fulfilment software (recently acquired by Thoma Bravo).
Packlink is Europe’s leading multi-carrier SMB shipping platform connecting more than 250K online merchants with over 80 carriers globally, enabling access to competitive shipping tools. It partners with major global e-commerce platforms and marketplaces such as Paypal or eBay. Headquartered in Madrid, the company operates in 12 countries across Europe.
Packlink’s acquisition by Auctane, a US leading player, is a landmark deal and one of the most significant M&A transactions in the European logistics technology industry in 2021.
Our view on the logistics sector
The logistics industry is experiencing robust and secular growth momentum with a radical acceleration through the Covid-19 pandemic creating ten years of eCommerce penetration growth in 3 months and 150 million new digital shoppers.
This paradigm change has created a sharp increase in parcel shipping and delivery, exceeding 115 billion parcels in 2020, and is expected to double in the next four years.
In this context, the ongoing reshaping of the supply chain and logistics ecosystem is accelerating, creating tomorrow’s champions on all sub-segments of the industry.
As a consequence, the industry has moved into the spotlight, attracting unprecedented financial investor interest and with many landmark transactions announced recently. The transaction confirms Clipperton’s unique expertise in the logistics technology space after successfully advising Cubyn in 2021 on its financing round led by Eurazeo and Bpifrance, as well as Boxtal and Glovo.
Clipperton is a leading investment bank dedicated to technology and growth companies: we provide strategic and financial advisory to entrepreneurs, corporates, and top-tier investors in Europe willing to execute transactions such as strategic M&A, private equity transactions and private placements.
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