LONDON – Oct. 16, 2024 – Global law firm Greenberg Traurig, LLP advised InPost Group on its acquisition of the remaining 70% of Menzies Distribution Group for £60.4 million, giving it 100% control over Menzies’ Express and Newstrade operations.
Menzies’ nationwide logistics capability will give InPost the ability to scale at speed in the UK to match increasing consumer demand – serving the largest e-commerce market in Europe. This acquisition enables InPost to fully control its UK logistics process and investment plan, allowing InPost to compete more effectively in the UK market, including though the launch of a high-quality next-day B2C offering.
Menzies’ third segment, MDS, responsible mainly for full load transport and warehousing, was demerged from Menzies and is not part of the transaction. It will continue to be run by its existing management team and InPost will retain a 30% shareholder stake in MDS.
The Greenberg Traurig team in Warsaw and London comprised Rafał Baranowski, client relationship shareholder and co-head of the Mergers & Acquisitions and Private Equity practices in Warsaw, and Henrietta Walker, shareholder and chair of the London M&A team, with assistance from Corporate Senior Associate Miles Daly and Associate Katey Burke. The wider London team included Real Estate Shareholder Danielle L. Martin, Labor & Employment Shareholder Naomi Feinstein, Banking & Financial Services Shareholder Luke Lado, Tax Shareholder Graham Iversen, Intellectual Property & Technology Consultant Ewen Mitchell, Real Estate Senior Associate Laura Ballard, Real Estate Associate Natalie Simpson Hassell, and Finance Associate Nickie Pickernell.
Walker said, “Having previously advised InPost on its acquisition of a 30% equity stake in Menzies for £49.3 million in 2023, we are delighted to have advised InPost on this subsequent transaction, which enables InPost to fulfil several strategic objectives and secures its position among the UK’s leading parcel locker service providers.”
Baranowski added, “We congratulate our client InPost on this strategic acquisition, which builds on its very strong commercial growth in the UK market.”
About Greenberg Traurig: Greenberg Traurig, LLP has more than 2750 attorneys in 48 locations in the United States, Europe and the Middle East, Latin America, and Asia. The firm is a 2022 BTI “Highly Recommended Law Firm” for superior client service and is consistently among the top firms on the Am Law Global 100 and NLJ 500. Greenberg Traurig is Mansfield Rule Certified Plus by The Diversity Lab. The firm is recognized for powering its U.S. offices with 100% renewable energy as certified by the Center for Resource Solutions Green-e® Energy program and is a member of the U.S. EPA’s Green Power Partnership Program. The firm is known for its philanthropic giving, innovation, diversity, and pro bono. Web: www.gtlaw.com.