Mayer Brown advises ByBox, a portfolio company of Francisco Partners, on its acquisition of smart locker provider Pelipod Limited from BT Group
London — Mayer Brown has advised ByBox, a portfolio company of private equity client Francisco Partners, on its acquisition of Pelipod Limited, the specialist in secure remote locker storage solutions for field engineers.
Pelipod, formerly owned by BT Group, is a provider of collection points for field service engineers in the UK. Its more than 5,000 secure lockers have played a key role in supporting the telecoms giant in modernizing its supply chain and assisting the rollout of full-fibre broadband and 5G around the country.
ByBox’s inventory management systems ensure that business can securely deliver equipment and parts to smart lockers near the point of service. ByBox helps clients manage their inventory requirements using intelligent software to streamline supply chain management. Mayer Brown advised Francisco Partners on its initial acquisition of ByBox in 2018.
The addition of Pelipod’s estate of lockers to ByBox’s existing 42,000 lockers will allow customers to access an even wider network of secure collection points for customers across the EV charging, Fire and Security, Infrastructure, Medical, Utilities and Telecoms sectors. The acquisition of Pelipod will allow the ByBox team to continue providing excellent service to customers by improving productivity, service levels, and customer experience, all whilst driving down costs and emissions.
The transaction continues Mayer Brown’s long track record of advising on buy-and-build transactions for private equity managers.
The Mayer Brown team was led by Private Equity partner Electra Callan and included associates Laura Baker and Anna Jackson-Smith, Banking & Finance partner Stuart Brinkworth and senior associate Bridget Polkinghorne, IP partner Mark Prinsley and associates Ondrej Hajda and Valerie Vanryckeghem and Tax partner James Hill.
