RMB advises on the sale of The Courier Guy to Adenia Capital
The Courier Guy, South Africa’s top e-commerce courier, was sold to Adenia Capital.
Founded in 2000, The Courier Guy has grown to become South Africa’s leading same-day, last-mile e-commerce courier with a nationwide footprint and offering a wide range of local, national and international courier services across its national network of kiosks, lockers, and core infrastructure. The Courier Guy caters to a wide spectrum of clients, servicing individuals in need of personal couriering, small e-commerce entrepreneurs, and large corporates seeking superior services for their e-commerce platforms. The Courier Guy has consistently positioned itself as the preferred courier service provider for these clients, primarily owing to its distinguished reputation for superior and reliable service offerings and comprehensive network across South Africa.
Adenia Capital acquired 100% of The Courier Guy from the existing shareholder, comprising a consortium of financial investors (including KLT, Buffett and Blank Canvas Capital) alongside Stephen Gleisner (founder and managing director) who held 50.01%.
The Courier Guy received a high degree of interest, with Adenia ultimately emerging as the successful bidder, agreeing to a 100% acquisition, which allowed the sellers to exit at an attractive valuation, as well as providing a complete and immediate liquidity event. This ultimately showcased the buyer’s confidence in the sustained success and future prospects of the business.
Rand Merchant Bank (RMB), a partner of Clairfield International, acted as financial advisor to The Courier Guy and its shareholders, showcasing their continued sell-side leadership. In addition, RMB provided an acquisition funding package to Adenia as the transaction sponsor.
Business services
Sale
Advisor to the seller
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