Clearwater International advises Yodel on its sale to YDLGP Ltd

Clearwater International has advised Yodel, a leading independent UK logistics provider, on its sale to YDLGP Limited (YDLGP), a newly formed company. YDLGP is backed by a consortium of investors, including Solano Partners Ltd, an independent boutique investment bank, and international parcel delivery group, Shift.

With a wide-ranging and growing client base across diverse retail sectors, including, Wren Kitchens, Gousto, Vinted, Whistl and Argos, Yodel makes 190+ million deliveries annually from its 50 sites (47 customer delivery depots and three sortation hubs). Yodel had been controlled by the Barclay family.

For the year ended 31 December 2023, Yodel generated €661m (£561.8m) revenue and has continued to take market share with new clients including eBay, Boden and Zalando. Yodel’s market position remains strong in the fast-growth Customer to Anywhere (C2X) market and will continue to increase its share of the market.

The transaction is expected to save thousands of jobs, with the Liverpool-based delivery company employing around 10,000 people nationwide.

Upon completion, the enlarged group will form a ‘super scale’ logistics platform serving both the parcels market through the Yodel business, and larger, irregular dimensions and weights (IDW) freight through the Tuffnells brand.