Frankfurt, Hamburg 3 November, 2025 – Advent International (“Advent”), a leading global private equity investor, today announces that it has entered into an agreement to sell its minority stake in Hermes Germany, a leading logistics service provider in Germany, to the Otto Group. The transaction marks the conclusion of a strategic partnership established in 2020, when Advent acquired a majority stake in Evri (formerly Hermes UK) and a minority stake in Hermes Germany from Otto Group to jointly support the company’s transformation.
Ranjan Sen, Managing Partner, Advent, said: “Our partnership with Otto Group and the Hermes Germany team has been defined by mutual trust and a shared ambition to support the company’s transformation. Together, we have supported Hermes Germany during an important stage of its development.”
Kay Schiebur, Member of the Executive Board, Services, Otto Group, commented: “Through the very trusting partnership with Advent, Hermes Germany has been successfully further developed over the past five years. We are convinced that we can now implement the next important steps independently and in a targeted manner.”
Financial terms of the transaction were not disclosed. The transaction is expected to close by year end.
About Advent
Advent is a leading global private equity investor committed to working in partnership with management teams, entrepreneurs, and founders to help transform businesses. With 16 offices across five continents, we oversee more than USD $100 billion in assets under management* and have made 435 investments across 44 countries.
Since our founding in 1984, we have developed specialist market expertise across our five core sectors: business & financial services, consumer, healthcare, industrial, and technology. This approach is bolstered by our deep sub-sector knowledge, which informs every aspect of our investment strategy, from sourcing opportunities to working in partnership with management to execute value creation plans. We bring hands-on operational expertise to enhance and accelerate businesses.
As one of the largest privately-owned partnerships, our 675+ colleagues leverage the full ecosystem of Advent’s global resources, including our Portfolio Support Group, insights provided by industry expert Operating Partners and Operations Advisors, as well as bespoke tools to support and guide our portfolio companies as they seek to achieve their strategic goals.
To learn more, visit our website or connect with us on LinkedIn.
*Assets under management (AUM) as of June 30, 2025. AUM includes assets attributable to Advent advisory clients as well as employee and third-party co-investment vehicles.
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