NetDespatch acquired by Royal Mail Group
London, 18 December 2015. ACXIT’s partner FirstCapital advised NetDespatch on the sale to Royal Mail, the UK’s leading postal service delivery company, established in 1516. Combining the UK’s pre-eminent delivery company with an innovative SaaS platform to provide advanced cloud-based ecommerce and parcel delivery solutions to a global customer base.
For NetDespatch, it provides an opportunity to expand globally while keeping key personnel in place to drive the business forward. While for Royal Mail, it is an opportunity to deploy technology that could transform its e-commerce business and put them in a strong position for future growth.
Nick Landon, Managing Director of Royal Mail Parcels, said: “The acquisition of NetDespatch supports our strategy of providing our customers with leading edge e-commerce software. It allows customers with complex IT estates to integrate with us quickly and with the minimum of effort allowing them to improve the service they offer to shoppers. “We are confident that this acquisition will support the continued growth of our parcels business with new and innovative software solutions as the needs of our customers evolve.”
Mike Park, CFO of NetDespatch, commented: “I felt throughout that this was a personalized, flexible process from FirstCapital. It was tailored to our business and not a one-size-fits-all approach. It was exactly what we needed and it got us the deal that was best for the shareholders. It was smart, thorough and very professional.”
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Founded in 1999, FirstCapital is one of the leading independent technology investment banks in the UK, with offices in London, Silicon Valley and Dublin.
Focusing on high-growth technology companies, FirstCapital has developed an exceptional track record in M&A and private placements for companies in the software, internet and digital media and tech-enabled services sectors, with a proprietary SMART dealmaking framework which is proven to deliver premium outcomes. Since September 2019, FirstCapital is a strategic partner of ACXIT Capital Partners. (www.firstcapital.co.uk)