Advent plans Amsterdam IPO of InPost, at $10 billion valuation

Private equity firm Advent International is preparing an initial public offering (IPO) of its parcel locker business InPost in early 2021 in Amsterdam, several people close to the matter said, valuing its equity at between 7-8 billion euros ($8.51-9.72 bln).

The U.S. buyout group launched a sales process in autumn for InPost, hoping to cash in on a boom in consumers shopping online and getting parcels delivered to InPost lockers, they said.

Amsterdam is emerging as a popular post-Brexit European listing venue.

Private equity firms such as CVC, Hellman & Friedman and Silver Lake recently made offers for the firm, but Advent has for now told them that it is leaning towards an IPO as it expects a stock market flotation to maximise value.

Advent and CVC declined to comment, while H&F and Silver Lake were not immediately available for comment.

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