Fastway Couriers is a parcel delivery services business operating across the island of Ireland serving both domestic and international B2B and B2C customers.
Fastway Couriers continues to deliver increasing volumes of parcels as a growing proportion of consumers adopt online shopping for home delivery. MML Ireland partnered with the management team with support from AIB Corporate Banking to buy the previously fragmented Fastway network entities which were consolidated into one Group. As part of the of the transaction, MML Ireland made a significant investment which facilitated a material realisation for the founding shareholders, who exited executive operations of the business, and a de-risking event for management.
Over the course of its investment, MML Ireland supported Danny Hughes, CEO of Fastway, and his management team to deliver an ambitious growth plan to create Ireland’s ecommerce parcel delivery partner of choice, offering a fantastic, client centric and tech-enabled service.
Fastway Ireland grew nearly three-fold, increasing from 15 million parcels handled per year to over 25 million. During this time, MML Ireland helped simplify the complex Group structure, introduced an experienced Chair and implemented a new board structure.
In May 2022, after a sustained period of growth, MML Ireland successfully exited the business via a secondary buyout to Elysian Capital.
MML Ireland Fund I
Republic of Ireland
For investors in MML Ireland Fund I, MML Ireland Fund II & MML Fund VI
For investors in MML Fund VII