Major Players Seek Funding Amid Market Changes

  • Evri close to sale as Yodel seeks rescue funding
  • Apollo Global Management and Platinum Equity submit initial offers for Evri
  • Evri rebranded from Hermes in 2022, commands 20% UK parcel delivery market share
  • Yodel seeking £10m-£40m funding from Paypoint, Shift and Solano Partners consortium
  • Yodel delivers 190m parcels annually, generated £561.8m revenue in 2021

Evri, one of the UK’s largest parcel delivery companies, is attracting interest from top private equity firms like Apollo Global Management and Platinum Equity. The auction for Evri, which commands a near 20% share of the UK market, has drawn both private equity and strategic bidders. Yodel, known for partnerships with Argos and Very Group, is seeking £10m-£40m funding from Paypoint and other investors. A deal could be finalized as early as Friday.

Factuality Level: 8
Factuality Justification: The article provides accurate and objective information about the financial maneuvers of two major UK parcel delivery companies, Evri and Yodel. It reports on ongoing auctions, valuations, and potential investments without any sensationalism or personal perspective presented as a universally accepted truth. However, it does contain some redundancy in mentioning the number of parcels delivered by both companies and includes an unrelated link to Uber Eats at the end.
Noise Level: 3
Noise Justification: The article provides relevant information about the financial maneuvers and potential acquisitions in the UK parcel delivery industry involving Evri and Yodel, but it also includes a brief mention of Uber Eats at the end which seems unrelated to the main topic. The overall noise level is moderate as it contains some irrelevant information.
Financial Relevance: Yes
Financial Markets Impacted: UK parcel delivery companies Evri and Yodel
Financial Rating Justification: The article discusses financial maneuvers, auctions, and funding for UK parcel delivery companies Evri and Yodel, which have significant market shares and impact the logistics industry. These events affect their valuations and operations, thus having an impact on financial markets and companies involved.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the article.

Reported publicly: www.retailgazette.co.uk