PwC UK’s Corporate Finance team is pleased to announce the successful sale of a majority stake in The APC, the UK’s largest independent parcel delivery network, to WS Holdco Limited, DBAY Advisors Limited and investors.
PwC Corporate Finance have held a long-term relationship with The APC having led their re financing and recapitalisation in 2019. As retained advisors to the company, PwC acted as lead corporate finance adviser on the sale to WS Holdco Limited, DBAY Advisors Limited and investors, providing end-to-end support to the Board throughout the process – from strategic options evaluation and buyer engagement through to deal execution.
Founded in 1994, The APC operates the UK's largest independent parcel network, serving SMEs with overnight and specialist delivery services. The business has built a reputation for service excellence, reliability, and nationwide reach through its network of independent, entrepreneur-led depots.
PwC also provided tax advice to The APC on the transaction.
The Corporate Finance team was led by Coolin Desai and Matt Loxton, with support from Zahrah Ramtoola, Mansoor Akber Dars, and Joshua Ruston. The Tax team included Nick Farr, Sharon Chakkar, Emily Fairfield, and Reece Wells.
Coolin Desai, Partner, PwC Corporate Finance, commented:
“We are pleased to have supported The APC through this significant milestone in its history. The APC’s unique network model, strong service culture, and track record of performance have made it a standout player in the UK logistics space. The partnership with WS Holdco Limited, DBAY Advisors Limited and investors provides a platform for further growth. It has been a pleasure working with The APC team and the shareholders to help deliver this outcome.”
Mark Fletcher, Finance Director at APC Overnight, added:
“This deal marks a significant milestone for The APC and we are delighted with the result. PwC provided exceptional support from start to finish – combining sector knowledge, clear commercial insight and hands-on guidance throughout the transaction. Their professionalism, responsiveness, and collaborative approach were critical in navigating the process and securing this outcome for all stakeholders.”
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