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Acquisition of The Courier Guy: Developing its growth and E&S performance

Project

Sustainable industries
Signature date
Location
South Africa
Financing tool
Equity investment
Financing amount (Euro)
9276696
Financing details
USD 10m Equity Investment
Customer
The Courier Guy
Type of customer
Company
Country of headquarters
Mauritius
Project number
PZA1132
Environmental and social ranking
B
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This information is given at the time of signature, without prejudice to any developments in the operation/project.

Proparco, alongside other acquirers, has taken a stake in The Courier Guy, South Africa's leading courier service provider. This acquisition will enable the implementation of an ambitious growth strategy and a structuring of E&S standards, while supporting employment.

Client presentation

The Courier Guy (TCG) is a leading player in the distribution of mail and packages in South Africa, specialized in last-mile delivery services. It operates a nationwide network of delivery points through kiosks and lockers, and works with many drivers across the country for its deliveries. TCG is a fast-growing company with a turnover of more than USD 100m in 2023.

Project description

The project involves the acquisition of 100% of TCG in a funding round led by Adenia and comprising DEG, Proparco and South Suez. This acquisition of TCG will enable the deployment of an ambitious growth plan to develop the company by increasing investments in the nationwide network, strengthening the HR structure, and structuring its governance and E&S (environmental and social) practices to bring it up to the highest standards.

Project impact

The project will contribute to:

  • Maintaining 7,400 jobs and creating 2,800 jobs
  • Strengthening delivery infrastructure in South Africa to improve service quality for people  
  • Including climate initiatives in the Environmental and Social Action Plan 

The project contributes to SDG n° 8 (Decent work and economic growth).