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Proparco, alongside other acquirers, has taken a stake in The Courier Guy, South Africa's leading courier service provider. This acquisition will enable the implementation of an ambitious growth strategy and a structuring of E&S standards, while supporting employment.
Client presentation

The Courier Guy (TCG) is a leading player in the distribution of mail and packages in South Africa, specialized in last-mile delivery services. It operates a nationwide network of delivery points through kiosks and lockers, and works with many drivers across the country for its deliveries. TCG is a fast-growing company with a turnover of more than USD 100m in 2023.

Project description

The project involves the acquisition of 100% of TCG in a funding round led by Adenia and comprising DEG, Proparco and South Suez. This acquisition of TCG will enable the deployment of an ambitious growth plan to develop the company by increasing investments in the nationwide network, strengthening the HR structure, and structuring its governance and E&S (environmental and social) practices to bring it up to the highest standards.

Project impact

The project will contribute to:

  • Maintaining 7,400 jobs and creating 2,800 jobs
  • Strengthening delivery infrastructure in South Africa to improve service quality for people  
  • Including climate initiatives in the Environmental and Social Action Plan 

The project contributes to SDG n° 8 (Decent work and economic growth).

Download the project sheet

This information is given at the time of signature, without prejudice to any developments in the operation/project 
02/09/2024
Date of signature of the project
Industry and Services
Sectors
South Africa
Location
9 276 696 Euros
Amount of funding
USD 10m Equity Investment
Financing details
The Courier Guy
Client
Mauritius
Head office country
PZA1132
Project number

B

CES