BlackPeak Capital and founders have agreed to sell a majority stake in euShipments.com to Österreichische Post

euShipments.com

euShipments.com is a provider of integrated and software-enabled solutions for cross-border e-commerce. The company supports customers along the entire value chain, including e-fulfillment, domestic and cross-border e-commerce delivery services, e-commerce value-added services (e.g., return management, payment processing, Import-One-Stop-Shop solutions) and more. Online retailers have access to the entire portfolio of euShipments.com via a single commercial contract, integration and interface. Approximately 1,300 customers trust the company’s expertise, which operates seven fulfilment locations across the CEE / SEE region. euShipments.com has achieved continued exponential growth of both organic revenue and earnings. The company is expected to generate annual revenues of approximately €50 million in 2025 across four key European markets, including Bulgaria, Romania, Croatia and Slovakia, alongside its wider CEE / SEE reach.

The Deal

In 2022, BlackPeak Capital, a leading private equity firm managing funds focused on growth equity investments in CEE / SEE region, invested in euShipments.com to support the founders in the next stage of the company’s development. The fund is backed by reputable institutional investors, including the European Investment Fund (EIF), the European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC). During its partnership with euShipments.com, BlackPeak Capital worked closely with the founders and management team in creating the leading platform for cross-border e-commerce delivery and fulfilment solutions in the CEE / SEE region. This included inorganic expansions into new markets, strengthening corporate governance and the leadership team, enabling continued organic growth across the network and preparing euShipments.com for its next strategic chapter with a new majority owner.

BlackPeak Capital and the founders engaged Lincoln International as the exclusive mergers and acquisitions advisor to identify a new partner and to design and execute a tailored process. Lincoln’s process ultimately identified Austrian Post (Österreichische Post) as the ideal partner for the next stage of euShipments.com’s growth. Austrian Post is Austria’s national postal operator and a leading logistics company in Central and Eastern Europe, headquartered in Vienna and listed on the Vienna Stock Exchange. The combination with euShipments.com allows Austrian Post to strengthen and expand its presence into key SEE / CEE countries while simultaneously enlarging its solutions capability for serving international e-commerce.

Svetozlar Dimitrov, Co-Founder and CEO of euShipments.com, said, “We greatly appreciate the dedication and expertise that Lincoln brought to our team throughout the sale process, including the preparation and positioning as well as for identifying, evaluating and negotiating with bidders.”

Lora Dimitrova, Co-Founder and IT Product Owner of euShipments.com, added, “We are excited to embark on this next chapter with Austrian Post and work to further strengthen euShipment.com’s position as a leading platform for tech-enabled cross-border e-commerce check-out solutions.”

Angel Stefanov, Partner at BlackPeak Capital, said, “We thank Lincoln for being our trusted advisor on the sale of euShipments.com. Lincoln’s insight, deep understanding of the e-commerce logistics and technology business model, global access to potential buyers and strong execution capabilities were instrumental in achieving a successful outcome for all parties involved.”

Our Perspective

Dirk Engelmann, Lincoln International Managing Director who led the transaction, commented, “It has been an honor and great pleasure to work with euShipments.com and its owners on this landmark transaction. The combination of these two highly complementary groups will mark an important step for Austrian Post towards delivering on its international e-commerce logistics growth ambitions. euShipments and its stakeholders are expected to benefit from access to the international network and service portfolio of Austrian Post, enabling clients to expand cross-border e-commerce sales even more efficiently and across an even wider range of destination countries.”

BlackPeak Capital

BlackPeak Capital was established in 2014 and targets growth equity investments of €5-20 million in fast-growing companies in Southeast Europe. BlackPeak’s Southeast Europe Growth Equity Fund partners with the region’s outstanding entrepreneurs who have the ambition to build world-class companies based on continued innovation, organic growth and add-on acquisitions. BlackPeak Capital remains committed to making a significant positive economic, social and environmental impact.

BlackPeak Southeast Europe Growth Equity Fund is backed by the European Investment Fund under the COSME (2014-2020) and JEREMIE programmes, the European Union under the Equity Facility for Growth programme, Invest BG, the EBRD, the IFC and other European private institutional investors.

Learn more at www.blackpeak-capital.com.

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