February 12, 2026 | Consumer Discretionary | Europe | Active
On 9-Feb-26, a consortium led by Advent International (“Advent”) and FedEx (FDX US) through its wholly-owned subsidiary, FCWB, agreed to acquire Polish parcel locker company, InPost, for €7.8bn, or €15.60 per share. The consortium also includes A&R Investments (“A&R”), founded by InPost CEO and founder Rafal Brzoska, and PPF Group (“PPF”) of the Kellner family. At closing, Advent and FedEx will each hold 37% of the company, with A&R owning 16% and PPF 10%. The consideration offers target shareholders a 50.0% premium to InPost’s last undisturbed share price on 2-Jan-26, before short covering and takeover-related news surfaced. While InPost’s primary listing is in Amsterdam, it is Luxembourg-incorporated and headquartered in Krakow, Poland, where it is also listed in Warsaw (under INPT PW). The company’s management and supervisory boards unanimously recommend the offer and InPost is set to retain its brand, head office in Poland, and current management. Launching the all-cash public offer is conditional on Dutch financial regulator, AFM, approving the offer memorandum, alongside customary conditions including no MAC, no competing offer, no adverse board recommendation, and continued effectiveness of irrevocable undertakings. The offer will be subject to regulatory approvals and an 80% minimum acceptance condition, which would allow the consortium to implement a “Post-Closing Demerger and Liquidation.” The deal already has support from shareholders...
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