The team was notified of the deal that marks the exist of MidEuropa from its last company in Romania, after having sold private healthcare provider Regina Maria several months prior.
However, MidEuropa officials have recently said they are still looking for companies to buy in Romania and are due to announce new deals.
Cargus is one of the largest actors on the local parcel delivery market, with RON567.6 million revenue in 2024, an increase of 11%. However, its business has been slower to grow than other actors’ in the industry, amid the boom of the courier service market in the last few years. It grew by 25% between 2019 and 2024, while Sameday’s grew by 620%.
Sameday’s revenue stands at RON1.2 billion and the company is aiming to dislodge Fan Courier from the top spot with this deal. The acquisition, which is one of the most important in Romania in 2025, needs Competition Council’s approval.
In 2018, MidEuropa Partners bought Urgent Cargus (since rebranded to Cargus) from Abris Capital Partners in a deal put at about EUR100 million to EUR150 million at the time. ZF sources are now saying the MidEuropa Partners is not making any money from the sale, as Cargus has about EUR80 million debt, according to Finance Ministry data.
(English version by Loredana Fratila-Cristescu)