Clipper Logistics founder Steve Parkin teams up with Sun Capital Partners to prepare takeover bid


 

The founder of Leeds-based Clipper Logistics is reported to be lining up a £300m takeover bid to take the company private. Executive chairman Steve Parkin, who founded the company in 1992 and owns nearly a third of its shares, is understood to be preparing a bid with Florida-based Sun Capital Partners. He now has until 18 December to announce a firm intention to make an offer for the retail logistics company or withdraw. Clipper Logistics’ non-executive directors are now forming […]