Financial advisory to the shareholders of Goodspeed Sp. z o. o. on partnering with a financial investor, Enterprise Investors 22 May 2023
FIDEA acted as an exclusive financial advisor to the shareholders of Goodspeed Sp. z o. o., on partnering with a financial investor, Enterprise Investors.
Goodspeed was founded in 2009. At that time, the company was delivering goods for one of the first dietary catering producers in just one district of Warsaw. Today, Goodspeed is an undisputed leader in highly specialized temperature-controlled logistics services for dietary catering producers in Poland. The company delivers to over 4,600 cities and towns across the country. Its unique know-how and logistics processes tailored to the market’s specific needs, including its own IT platform, enable the company to maintain the highest level of service quality combined with excellent logistics efficiency.
The size of Goodspeed and its nationwide coverage allow it to benefit from economies of scale. This, coupled with the fact that delivering dietary catering requires a dedicated logistics chain, results in Goodspeed’s several competitive advantages that are not easily replicable. Its market leadership position is confirmed by strong financial results. In 2022, the company generated revenues of PLN 80 million, and in the current year, Goodspeed plans to reach PLN 125 million.
Goodspeed does what is most challenging in logistics – it controls the temperature during the final stage of delivery,said Michał Kędzia, partner at Enterprise Investors responsible for the investment.
The company’s unique know-how enabling door-to-door deliveries, as well as the growing role of direct sales in the food industry, create potential for expansion into additional product categories. Considering the extensive last-mile delivery network in controlled temperature, Goodspeed can expand its operations to offer a wide range of additional services for consumers,he added.
Together with our new business partner, we plan to further accelerate the development of Goodspeed. We see the opportunity to expand our competencies with new solutions for customers. We also believe that as a significant player serving a large portion of the market and cooperating with many dietary catering producers, we can leverage our leadership position and offer additional specialized services to these entities. Over the years, we have perfected a highly demanding logistics process for the catering industry. Every evening, we allocate tens of thousands of meals between production facilities scattered throughout Poland and deliver them to consumers’ doors within a few hours, while maintaining full control over the logistics chain and refrigeration continuity. We intend to develop these unique competencies with the help of our new partner in foreign markets and also enter new industries and offer our existing customers additional, very interesting and innovative solutions,outlined Sylwester Rypina, the founder and CEO of Goodspeed, discussing potential directions for the company’s development.
Enterprise Investors is one of the largest private equity firms in Central and Eastern Europe. It has been operating since 1990 and has established nine funds. These funds have invested or committed to invest a total of EUR 2.2 billion in 154 companies and have completed investments in 137 companies.