DBAY Advisors offers to buy controlling stake in Eddie Stobart Logistics and inject £55m of financing


 

Private equity investor DBAY Advisors has offered to buy a controlling stake in Eddie Stobart Logistics (ESL). Under the terms of the proposal, DBAY would acquire a 51% stake, with existing shareholders having a 49% interest. It is also proposing an injection of approximately £55m of financing into the group’s operations to “be used to provide necessary liquidity.” In a Stock Exchange announcement, which was made in response to press speculation of a deal, the group said: “The Board of Eddie […]