Adenia Partners (Adenia), a private equity firm focused on growth opportunities in Africa, has acquired 100% of The Courier Guy, a specialist in last-mile delivery and express parcel services in South Africa, alongside co-investors DEG, Proparco, and South Suez.
The acquisition marks the second investment of Adenia’s fifth flagship fund, Adenia V.
Financial terms of the transaction have not been disclosed.
The Courier Guy works with a network of delivery partners, kiosks and over 1,200 pick-up and drop-off smart lockers across South Africa.
Debt financing for the transaction was provided by RMB. Advisors included PWC for financial and tax due diligence, Webber Wentzel for legal guidance and EY for ESG due diligence.
