Mail Boxes Etc. partners with Oaktree

Milan, February 19, 2020 -- MBE Worldwide (MBE) and funds managed by Oaktree Capital Management, L.P. (”Oaktree”) today announced a definitive agreement for “Oaktree” to acquire up to a 40% ownership interest in MBE via a phased €120 ($132) million reserved capital increase. Current MBE Shareholders, the Fiorelli Family, will continue to own the majority of the business. 

MBE is a leading third-party provider of shipping, fulfillment, print and marketing solutions to small and medium enterprises (“SME”) and consumers globally mainly via a network of independently owned and operated franchised locations. The Company operates three complementary brands: Mail Boxes Etc., AlphaGraphics and PostNet. It serves as a critical fulfillment partner in the high-growth packing and shipping value chain, focusing on the first and last mile of shipping and as a leading, local provider of customized print and marketing solutions in a highly fragmented market.

“We are really excited about Oaktree partnering with us in our MBE business" says Paolo Fiorelli, MBE Chairman and Chief Executive Officer. "We have ambitious plans to further grow MBE's competitive position, international presence and financial strength in the next few years.  To achieve these goals, we sought a valued investment partner with deep experience and talented resources. With Oaktree we found both.”.

“We are delighted to be partnering with Paolo and his team to help drive their ambitious growth strategy” says Mario Adario, Managing Director at Oaktree. “MBE operates in very promising markets, and the Company has an impressive track record, attractive market position and inspirational management team. As those industries continues to transform before our eyes, we see enormous opportunity to support MBE over the next stage of its journey”.

MBE Worldwide is recognized in its industries for its solid global presence of established brands, offering a broad portfolio of market-relevant products and services with a compelling customer value proposition. MBE’s business model - mainly based on a highly scalable, asset-light franchised platform with recurring revenue and a best-in-class support system - is well-positioned in dynamic and growing industries to build significantly on its solid financial performance record and global network reach. An established M&A platform and long-tenured, results-oriented management team will continue to build its stable of coherent brands with unified values.

MBE has been advised by Jefferies as sole financial advisor, Sidley Austin LLC and Chiomenti as legal advisors and PriceWaterhouseCoopers for the due diligence.

Oaktree has been advised by Shearman & Sterling as legal advisors, Ernst & Young for the financial due diligence and Boston Consulting Group for the market due diligence.

© Mail Boxes Etc. 2018 - Mail Boxes Etc., PostNet and AlphaGraphics territories and centers are operated by independent Master Licensees and/or Franchisees that operate under a franchise agreement under the brand name of Mail Boxes Etc./MBE, PostNet or AlphaGraphics. Through the franchise network, Mail Boxes Etc., PostNet and AlphaGraphics provide support services - mainly shipping, logistics, printing, marketing and communication services - for businesses and individuals. Mail Boxes Etc., MBE, PostNet and AlphaGraphics are registered trademarks used with permission of MBE Worldwide S.p.A. and its subsidiaries (All rights reserved. MBE Worldwide purchased the MBE trademark and system from United Parcel Service of America in 2009 for all areas of the world except the United States of America and Canada, which continue to be owned by UPS). The services offered by the individual Mail Boxes Etc., PostNet and AlphaGraphics centers can vary depending upon the location. The material available on this website, the information contained herein and any other relevant related data may not in any manner be copied, distributed, changed, republished, reproduced, downloaded or forwarded to third parties, without the expressed prior written authorization of MBE Worldwide S.p.A. We accept no responsibility with regard to the unauthorized use of the material available on this Internet site, the information and/or the data contained herein.

MBE Worldwide S.P.A. Registered Office: Viale Lunigiana 35/37 - 20125 Milano (IT) - Share Capital € 248.039,00 R.E.A. Milan No. 1818225 - Milan Register of Companies - Fiscal Code/VAT Num. 05393070965 Tel. +39 02 67625777 - Fax +39 02 67625778
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