News – Venture Capital & Private Equity practice
18 September 2016
Cresco assisted Parcify, a Belgium based technology company, in the preparation, structuring and closing of a strategic equity investment by bpost.
Parcify is the first company to launch an application to deliver parcels at one’s desired location and time by using the geo-location of one’s smartphone. Parcify aims to guarantee customers to never miss another parcel delivery.
Parcify will use the proceeds to further develop its technology and roll-out its solution in Belgium and other countries.
Co-founder and CEO Patrick Leysen comments: “Cresco is our go-to partner for strategic transactional advice. Their expertise in structuring and negotiating complex strategic investments, as well as their dedication and continuous availability, ensured that Parcify closed this transaction in a challenging timeframe.”
David Dessers and Olivier Van Raemdonck constituted the deal team for this transaction.