Private equity firm Lloyds Development Capital (LDC) has bought an undisclosed stake in CitySprint in a deal which values the same-day courier at £175m. CitySprint’s management team remains the biggest shareholder in the business, and its other investor Dunedin has retained a stake in the business, but a spokesman for CitySprint said it “wasn’t as big a stake as it had previously held”. The business said the deal will “accelerate the next stage of its growth”. The deal comes as […]
Analysts have said the planned sale of DHL Express’s same-day domestic business will create another major player in the market to compete with CitySprint, and is unlikely to affect DHL’s profitability.
From April 2019 the world’s first Ultra Low Emission Zone (ULEZ) will come into effect in central London, with an extended north-south ULEZ announced for 2021. At CitySprint, we believe the introduction of government initiatives such as the T-charge and the ULEZ are necessary steps in combating urban pollution – and we anticipate that other cities will follow suit. The logistics industry has long understood its effect on the environment; it can no longer afford not to take practical steps […]