Evri owner Advent International is preparing to sell the delivery business, valuing it at £2bn.
The private equity company is working with advisors from Rothschild to look at options for the firm, such as a potential sale, according to The Sunday Times.
Advent International purchased a 75% stake in Evri, previously Hermes UK, in 2020 for a reported £850m. The remaining 25% is owned by German retail company Otto group.
Evri’s owners extracted a £762m dividend from the delivery giant in 2022, This is Money reported.
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Evri saw sales reach £1.4bn during 2023, making it unchanged from its previous year.
Last month, one of China’s biggest online retailers JD.com signed a deal with Evri, giving UK brands greater access to its vast customer base.
Evri said that the collaboration would “open doors for European brands and merchants, particularly in the UK, providing them access to JD.com’s vast customer base” of 600 million consumers in China”.
In November, the delivery firm also teamed up with Tesco, allowing shoppers to collect Clubcard points for every parcel sent with the delivery firm.
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8 Comments. Leave new
Evri is terrible delivering parcels they never ring the bell or knock the door hopeless
The worst delivery company I have ever known !! Absolutely useless ! When things go wrong (which has been many) Nobody correspondences. Email phone website !! 2 Billion they won’t be getting another 2 pence of. me
It’s a joke been delivery driver with this company for nearly 10 years and they are cutting our pittance of pay by even more . And they now want 2 billion thanks evri .
Why would anyone waste their money on a delivery company that can not deliver. Changing its name didn’t improve its services. Why any respectable business would use them I do not know.
£762m dividend doesn’t seem like a bad investment Nathan. If you are aware of any other bad investments let me know.
awful deliveries and that’s when you get them, more damaged on arrival than ever or lost. takes forever to get a refund or compensation back.
Absolute joke of an evaluation. Drivers are leaving in droves due to pay cuts, poor treatment, lack of training, lack of professionalism. This is a case of “flipping” a bad investment.
They have a shocking reputation in the delivery sector. I hope they are taken over by a respectable company.