Yodel has secured £85m in funding to enable it to invest to further automate and modernise over the next three years.
CEO Mike Hancox will retain a shareholding and work with the existing management team and strategic business partners, including Paypoint plc, which invested £10m in June ’24 and operates Collect+.
Hancox said: “I am delighted that we have secured a funding packaging that gives Yodel financial security into the future and the ability to continue investing in the long-term success of the business.”
Meanwhile Evri, formerly Hermes, is being acquired by Apollo Global Management from Advent International for £2.7bn. It has announced plans to recruit c.9000 additional couriers and warehouse staff.
Martijn de Lange, chief executive of Evri, said: “New client wins and increased parcel volumes are proof of the trust customers have in our service, and our biggest-ever recruitment drive promises to deliver another record year.
“We know that service, reliability and quality are critical factors for our clients and consumers.”
Share