Code & Co. advises Bregal Milestone on the $53M growth investment in Paack, a leading European Last-Mile Delivery Platform
Code & Co. acted as technology and product due diligence advisor to Bregal Milestone in the largest growth capital investment in Spain in 2020.
Tech & Product Due Diligence
Last-Mile & Logistics
- $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. acted as exclusive technology and product due diligence advisor to Bregal Milestone assessing Paack's product, technology, architecture, and operations – it was Code & Co.'s second time assessing Paack after leading the technology & product due diligence for the B series investment round (Q2 2019).
Code & Co. provided tech and product due diligence and a deeply technical risk and opportunity analysis, including assessment of Paack's operations, fulfillment, and mobile capabilities.
The transaction underlines Code & Co.’s position as a market-leading technology and product advisor on growth equity investments globally. It further highlights Code & Co.’s deep sector expertise in technically and operationally highly complex sectors of the global digital economy.
Code & Co. is an independent advisory firm specialized in advising funds in the global alternative investment industry. Our expertise is modern and holistic technology and product due diligence. From outside-in audits and confirmatory due diligence to portfolio audits, exit preparation, and vendor due diligence, we provide our clients with crucial insight across the entire investment life cycle.