Eddie Stobart Logistics saved as DBAY Advisors wins out over former boss Andrew Tinkler


 

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 […]