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    easyPack fundraising process completed - TEMPLETON Strategic Emerging Markets and PZU join shareholder base

    EASYPACK CLOSES OVER €115 MILLION FINANCING FOR INTERNATIONAL EXPANSION
    TEMPLETON STRATEGIC EMERGING MARKETS AND PZU JOIN SHAREHOLDER BASE

    Warsaw, Poland – [6] May 2015. Global asset manager Templeton Strategic Emerging Markets Fund IV, LDC (“TSEMF IV”) and insurance group PZU, announced together with existing shareholder Integer.pl Group a joint €81.7 million equity investment in easyPack - the global leader in automated services for e-commerce and the owner of the world's largest parcel lockers network. The proceeds will be used to accelerate the expansion of parcel locker networks in international markets. On the same day BGK, the state-owned bank in Poland, announced it is providing a US$36.7m debt arrangement specifically focused on the roll-out of parcel locker machines in Canada.

    easyPack is a company established in 2012 by Integer.pl Group and PineBridge Investments. Anticipating a shift in consumer demand to ecommerce and online retail, the company is operating networks of innovative parcel locker terminals in multiple countries under the ‘InPost’ brand. InPost parcel lockers provide significant last mile cost advantages, and offer consumers a unique and efficient user experience. Integrated with e-retailers and parcel courier systems, these self-service machines allow consumers to pick-up and send parcels 24/7 at convenient locations . The InPost parcel locker machines have been extremely well-received by online shoppers across Europe, and are now considered as a standard delivery alternative.

    Templeton Strategic Emerging Markets Fund IV, LDC (“TSEMF IV”) and PZU will make a cash investment with the option to provide additional funding in the future. Integer.pl will make a cash investment and contribute assets as part of the transaction. Through this new investment and with the support of the current and new shareholders, the Company will expand its operations across and outside Europe to address the continuously growing need for efficient and effective parcel delivery solutions for the online retail market. easyPack expects to have over 5,000 InPost lockers across Europe, North America and the Middle East by the end of 2015, and will have funds to develop an additional 4,000 terminals from this investment round.

    “We are pleased to announce the closing of this second round of funding for easyPack aimed at bringing the InPost parcels locker solution to even more locations globally,” said Rafal Brzoska, Integer.pl Group, CEO. “We believe that these funds will help accelerate the growth of the business and take the company to the next level on its road to become a global platform for automated parcel delivery services. We also welcome new and reputable partners as shareholders and look forward to our cooperation.”

    “EasyPack’s parcel locker solution demonstrated a strong growth with e-commerce companies in Poland. We look forward to being a part of the Company’s continued growth and profitability in other markets as well.”, said Matjaz Schroll, TSEMF IV, Head of Private Equity Central & Eastern Europe.

    “As part of PZU group’s strategy, we are excited to support innovative Polish companies, that are global leaders in their sectors. Moreover, we regard the accelerating global expansion of easyPack, as based on a proven business model and innovative, user friendly technology” commented Rafał Ryba, PZU, Investment Director.

    Pierre Mellinger, PineBridge Investment, Managing Director, commented, “PineBridge is enthusiastic that easyPack will further strengthen its leadership position in the market.  This new round of investment is a recognition of the demand in the marketplace for its innovative B2C solutions globally.”

    “BGK is aiming to be the first choice bank to partner ambitious investment targets of Polish entrepreneurs and business champions. We are happy we could deliver a USD36.7m loan to InPost Canada.” said Dariusz Kacprzyk, BGK’s CEO. “Supporting export and foreign expansion of companies is part of BGK’s role as the national development bank. Therefore, in addition to regular banking activities, we will take minority equity stakes in foreign acquisitions carried out by Polish firms, through a dedicated fund. We look forward to significantly increase the scale of our activity in both lending and PE/VC areas”.

    For Integer J.P. Morgan acted as a financial advisor on the transaction, Baker & McKenzie as legal advisor and Deloitte for financial and tax vendor due diligence. Templeton Strategic Emerging Markets Fund IV, LDC and PZU were advised by Weil, Gotshal & Manges and BGK was advised by White & Case.