MS Stolica to be acquired by UPS as a strategic investor
Warsaw, February 7, 2005 — United Parcel Service and four shareholders controlling Messenger Service Stolica, including Polish Enterprise Fund IV managed by Enterprise Investors, agreed on a 100% sale of the company. Terms of the deal were not disclosed. Completion of the transaction is expected early in the second quarter of 2005, subject to regulatory approvals.
With 2004 sales of nearly PLN 200 million, Messenger Service Stolica SA is one of the largest companies on the Polish express courier and parcel market. The company has a well established countrywide network of offices nd facilities supported by more than 750 employees, and offers a premium quality service to its clients across Poland. Stolica’s customers include some of the most recognized companies in Poland and internationally, spanning a broad range of industries.
UPS is the world’s largest package delivery company and a global leader in supply chain services, offering an extensive range of options for synchronizing the flow of goods, information and funds. Headquartered in Atlanta, USA, UPS serves more than 200 countries and territories worldwide. UPS is listed on the New York Stock Exchange.
Enterprise Investors (EI) is the largest private equity firm in Central and Eastern Europe. Active since 1990, it is the investment manager for five funds, with $1.1 billion under management. The funds managed by Enterprise Investors have invested and committed more than $800 million in almost 100 businesses in Poland and other countries of Central and Eastern Europe. The funds have exited 71 investments and returned $779 million to investors.