The Courier Guy is considering entering into a transaction with Adenia Capital V LP (Adenia V), an investment fund incorporated in terms of the laws of Mauritius for the sale of the courier company.
Adenia is a private equity fund that makes values-based investments in African companies and takes responsibility for guiding them to sustainable growth.
Although due diligence is still underway, if the proposed transaction goes ahead, Adenia will acquire 100% of the issued shares of The Courier Guy.
As part of the transaction process, the parties are required to notify the Commission of South Africa of the proposed transaction and that notification is underway.
The deal could be finalised by the end of the year.
An email to staff said: “This email serves to inform you that (i) Stephen Gleisner (founder and CEO of The Courier Guy) will continue to be involved in The Courier Guy as a non-executive director and (ii), the proposed transaction will not have an adverse effect on The Courier Guy.
More specifically, the proposed transaction will not result in any retrenchments by The Courier Guy or Adenia.
