Engagement — Platform Due Diligence
Code & Co. advises Bregal Milestone on the $53M growth investment in Paack, a leading European Last-Mile Delivery Platform
Code & Co. served as Technology and Product Due Diligence advisor to Bregal Milestone in the largest growth capital investment in Spain in 2020.
- $53 million Series C growth capital investment
- This transaction is the eighth investment made by Bregal Milestone’s €495 million fund
- Paack is the European leading provider of Scheduled, Next-Day and Same-day delivery solutions
Leading European growth capital firm Bregal Milestone has partnered with existing shareholders to lead a $53M Series C investment in Paack, the largest growth capital investment of its kind in Spain this year.
Founded in 2015, Paack is today the European leading provider of Scheduled, Next-Day and Same-day delivery solutions, offering one of the most advanced technology delivery platforms and networks. Paack provides their clients with a complete ecosystem of end-to-end operations and products, offering warehouse management, fulfilment, and delivery applications, as well as retailer systems and e-commerce checkout integrations.
With operations across Spain, UK, France, and Portugal, Paack is one of Spain’s fastest growing companies. Paack’s founder-led leadership team has recently been strengthened with the hire of former Google Cloud EMEA CTO and Co-founder, Olivier Colinet as CTPO.
Bregal Milestone is a leading growth capital firm managing a €495 million pan-European fund dedicated to making investments in high-growth European companies.
Code & Co. served as the exclusive Technology and Product Due Diligence advisor to Bregal Milestone assessing Paack's product, technology, architecture, and operations. This was Code & Co.'s second assessment of Paack following our initial Technology & Product Due Diligence for the B series investment round (Q2 2019).
Code & Co. provided Tech & Product Due Diligence and a highly technical risk and opportunity analysis, including an assessment of Paack's operations, fulfillment, and mobile capabilities.
The transaction underlines Code & Co.’s position as a market-leading technology and product advisor for growth equity investments across the globe. It further highlights Code & Co.’s extensive sector expertise in highly complex technical and operational sectors of the global digital economy.