A consortium including private equity firm Advent and FedEx has launched a recommended all-cash public offer to acquire all shares of Polish automated parcel locker operator InPost and delist it from the Euronext Amsterdam exchange.

Funds managed and/or advised by Advent International, FCWB - a wholly owned subsidiary of FedEx, A&R Investments, and PPF Group, alongside InPost, announced the joint move on May 22 via a special purpose vehicle, IS Iris Lux Bidco. The bidding group is offering €15.60 per share in cash.

"The offer price of €15.60 values 100% of the shares at €7.8bn and reflects an offer premium of 53% to the three-month undisturbed volume weighted average price up to and including January 2, 2026," they said in a press release.

The deal has already secured the backing of shareholders representing 48% of InPost's outstanding shares. Regulatory clearances have been obtained in several jurisdictions, with the remaining review processes expected to be completed in H2 2026.

The formal offer period is scheduled to run from May 26, 2026 to July 27, 2026, unless extended, with completion targeted for H2 2026.

"After the offer is declared unconditional, depending on the number of shares tendered, the offeror intends to implement the post-closing demerger and liquidation or a squeeze-out proceeding and procure the delisting of the shares from Euronext Amsterdam," the release added.

The consortium said that the transaction would combine InPost's capabilities with the bidding partners to unlock growth, consumer choice, and value creation within Europe's rapidly expanding parcel delivery sector.

"The consortium will help drive InPost's growth potential as a leading European e-commerce enabler by supporting its existing growth strategy including further expansion of its parcel locker network and growth in consumer-centric digital solutions," the release reported.

The buyers committed to supporting InPost's current strategic footprint across Europe, including ongoing expansion in France, Spain, Portugal, Italy, Benelux, and the UK. Under the proposal, InPost will retain its brand name and keep its central operations based in Poland.

The buyout offer follows a strong operational period for the Polish logistics firm. In Q1 2026, InPost increased the number of parcels delivered by 32% y/y to 359.2mn units. This resulted in revenue of PLN3.9bn (€0.9bn), representing a year-on-year increase of 31%.