News details

Deutsche Post sells subsidiary to private equity house

Deutsche Post AG has agreed to sell 100 percent of the shares of Vfw AG, a leading provider in the field of reverse logistics, to private equity investor Monitor Clipper Partners. The transaction, which is subject to antitrust clearance, is expected to be closed in the first quarter of 2007. Both parties have agreed not to disclose the purchase price.

Vfw AG is currently setting up its own "Dual System" as an alternative to the "Green Dot" of former monopolist Duales System Deutschland GmbH. Vfw was originally taken over as part of Deutsche Post's acquisition of Exel in 2005 and is not considered core to the German business of the Bonn-based Group. Metzler, the Frankfurt-based investment bank, advised Deutsche Post exclusively on the transaction.

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Source: DPWN


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