Franklin Templeton leads €81.7m investment in EasyPack

PZU and Franklin Templeton will make a cash investment in EasyPack, with an option to top up with further funding, while Integer.pl will provide assets in addition to its cash investment.

The funding is supported by a $36.7m debt facility provided by Polish state-owned bank BGK to finance the roll-out of parcel locker machines in Canada.

Franklin Templeton's investment was made through its Strategic Emerging Markets Fund IV and will be used to fund the expansion of EasyPack's parcel network in international markets.

Company
EasyPack was founded in 2012 by Integer.pl and PineBridge Investments as an operator of parcel locker networks.

Based in Warsaw, the company is listed on the Polish stock exchange. EasyPack expects to have 5,000 lockers across Europe, North America and the Middle East by the end of 2015.

People
Matjaz Schroll is the head of private equity central and eastern Europe at Franklin Templeton. Rafal Brzoska is the CEO of Integer.pl Group. Rafał Ryba is an investment director at PZU, and Pierre Mellinger is managing director of PineBridge Investment.

Advisors
Equity – Weil, Gotshal & Manges (Legal).
Company – JP Morgan (Corporate finance); Baker & McKenzie (Legal); Deloitte (Financial due diligence, tax).
Debt – White & Case (Legal).

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