Eddie Stobart Logistics (ESL) has been saved from the threat of administration after shareholders voted to accept a takeover bid by private equity firm DBAY Advisors. DBAY will take control of ESL’s assets in a £75m bailout backed by William Stobart, fourth child of its founder Eddie, in a deal that gives it an eleventh-hour reprieve following reports that accountancy firm Deloitte had been lined up to prepare it for insolvency. The deal, which sees DBAY take a 51% stake […]
Welcome to the first edition of Motor Transport’s Power Players – the list of the 20 people who we believe have the most influence and exert the most control over the road transport industry. This list is by no means objective, but we’ve debated the merits of those on the list. You will find operators, clients, industry stakeholders and a few off-the-wall choices. Some are there because they exerted power in 2012, while others appear because we expect them to […]
An investor sizing up Eddie Stobart Logistics (ESL) for a potential purchase opportunity has been granted another extension to the deadline to make an offer.
Former Eddie Stobart chief Andrew Tinkler has confirmed his intention to bid for Eddie Stobart Logistics (ESL) just hours after Wincanton withdrew from the fray and is warning that a rival bid from DBAY Advisors is not in the interests of ESL shareholders.