Tuffnells owner Connect Group has been given the green light by the Competition and Markets Authority (CMA) to sell its care and education division to education resource provider RM. Connect’s sale of the division to RM for £64.4m, including £56.5m cash and deficit of £7.9m, was announced in February this year. In April the CMA launched an investigation into whether the deal would lead to a “substantial lessening of competition” in the sector. The unconditional clearance of the deal means […]
Three of Tuffnells’ former directors have returned to the company, following its management buy-out from the Connect Group in May this year.
Connect Group has completed its takeover of Tuffnells Parcels Express, with the deal first revealed last month.
Connect Group is set to complete a £9.9m deal with property firm Urban Logistics for the sale and leaseback of six of Tuffnells’ depots, in a move aimed to cut the company’s debt.