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Mayfair buys majority stake in Parcel2Go

Private equity firm Mayfair Equity Partners LLP agreed to buy a majority stake in Parcel2go.Com Ltd., a Bolton, U.K.-based parcel delivery services company.

The company's management team will remain the same, and a large percentage of employees will remain shareholders in the business.

The purchase is being made by the private equity firm's £650 million Mayfair Equity Partners II LP, which closed in January, Sky News reported.