Colis Privé, which specializes in home delivery, is considering an IPO on the Euronext market. The group has passed the first step, by announcing the approval on June 11 of its registration document by the AMF, the financial markets authority. No date or fundraising objective has yet been put forward.
At the same time as it follows the same aspirations as OVH and Believe, as Cédric O welcomed, welcoming the increase in the number of IPOs in French tech, the group is also starting to conquer the European market after a surge in e-commerce in 2020, marked by the health crisis and the boom in online orders. Colis Privé intends to deploy its activity initially in Belgium, Luxembourg and Morocco.
“This IPO project is a major turning point, which opens a new chapter in the group’s development and allows us to accelerate our deployment in France and internationally to make Colis Privé Group a champion in e-logistics. trade in Europe ”, state Eric Paumier and Frédéric Pons, the co-founders at the head of Colis Privé.
First customer of the group, Amazon holds nearly 10% of the capital
Created ten years ago, Colis Privé Group employs more than 550 people and calls on nearly 500 subcontractor service providers. The group, which has four mechanized platforms and 21 sorting agencies in France, has 64 million packages delivered in 2020, and an average annual growth rate of its turnover over the period 2012-2020 of 21%.
In 2020, Colis Privé Group posted a turnover of 234 million euros, up 46% compared to 2019, and posted a current EBITDA of 22 million euros (+ 94%).
Colis Privé works with professional e-commerce clients, and includes Amazon, Alibaba, Veepee, DHL and companies such as Nespresso, H&M and Uniqlo among its clients. As the leading customer of Private Parcels and a 9.65% shareholder, Amazon notably represented 38% of the total volume of parcels delivered by the group last year (compared to 58% in 2018).
Jeff Bezos’ firm failed in 2016 to buy the French home delivery specialist to establish itself in the “last mile” logistics chain.
An entrepreneurial success story
Operating on the basis of proprietary technology, the group masters the “last mile” logistics chain by serving the homes of individuals. Colis Privé also offers a “Colis Privé Store” service, to drop off and collect parcels from independent traders.
The group is showing its ambition to achieve an increase in its turnover in France of around 25% by 2022. On its Colis Privé Store relay network, the company is aiming for a target of 4,700 relays in place at the end of the year 2021.
Colis Privé Group intends to pursue “an ambitious strategy of profitable growth that respects the environment and assert itself as the benchmark for e-merchant customers for day-ahead parcel delivery, and the preferred service provider for consumers by relying on on first-rate technological and logistical know-how, based on the quality of service and the close proximity it maintains with its customers ”, according to the press release.