- InPost SA said it received an indicative proposal to buy all its shares, valuing it at about €6.7–€6.8 billion and sending the stock up roughly 16–20%.
- Reports say the approach is led by Advent International with a consortium that may include top shareholder PPF Group, though parties declined to comment.
- The bid follows a ~37% share-price slide over the past year amid concerns about a major Polish customer reducing usage.
- InPost has been expanding across Europe via acquisitions such as Yodel and Menzies and a large rollout of parcel lockers in nine markets.
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InPost appears to be at a strategic inflection point. The receipt of an indicative acquisition proposal suggests that shareholders believe the current valuation does not fully reflect either the risks the company is facing or its strategic potential. The market’s reaction—share prices rising ~16–20 %—reflects investor sentiment that the bid could represent a material uplift over prevailing valuations.
Who might be behind the bid—and why—is central. Advent International is frequently mentioned in press reports as leading or involved in the consortium. Given Advent’s prior majority stake (before parts were sold to investors including PPF), their return as buyer may signal confidence in the long term path of InPost, especially given its recent performance drags.
The performance headwinds are nontrivial: the ~37 % drop in share price over the past year before the bid, owing partly to Poland’s biggest customer reducing usage, puts pressure on margins and growth. At the same time, InPost has invested heavily in Europe by acquiring Yodel and Menzies, rolling out its automated parcel machines (APMs), and increasing its footprint—strategic moves that provide both scale benefits and exposure risks.
If the takeover proceeds, domestically and across Europe investors would be watching closely how the consortium intends to improve profitability, manage customer concentration risk, and integrate its recently acquired assets. Key will be whether Advent and any co-investors are willing to inject capital vs. pursuing operational efficiencies—or whether regulatory hurdles, notably in the UK and EU competition frameworks—pose risk, especially given InPost’s growing presence in those markets. The financial community will also question deal financing, especially given InPost’s debt, prior covenant pressures (if any), and what value is placeable on its international expansion, which has both upside and execution complexity.
The open questions now include: who is making the bid outright; whether it’s a friendly deal; whether management and the supervisory board will endorse it; what price per share is being proposed; how due diligence will affect expectations; what structure (cash, stock swap, debt-financed, etc.) the deal would take; and what happens to existing growth plans—like the rollout of locker tech and continued UK expansion—if ownership changes. All told, the bid could mark the start of a value unlocking event for InPost—but with material risk.
Supporting Notes
- InPost received an indicative proposal to acquire all shares, sending its market cap to around €6.7-€6.8 billion.
- The company’s share price jumped approximately 16-20 % upon announcement.
- The biggest shareholder is PPF Group (≈28.75 %), and founder/CEO Rafal Brzoska holds ≈12.49 %.
- InPost’s shares had declined ~37 % over the past year, driven partly by its biggest Polish customer reducing reliance on its services.
- InPost has expanded aggressively: acquisition of Yodel in the UK, purchase of Menzies, operating APMs across nine European countries.
- Reports indicate Advent International is behind or involved in the approach via a consortium.
- Stake offerings by Advent in prior years suggest active ownership and positioning: a placing of ~3.5 % in mid-2025, plus a 4 % stake trimmed in September 2024.