Sun Capital Partners has abandoned its interest in making a bid for Clipper Logistics. Clipper executive chairman Steve Parkin, who founded the company in 1992 and owns nearly a third of its shares, was understood to be preparing a £300m bid with the Florida-based private equity firm to take Clipper off the stock market. However, following an extension to the bid deadline to allow further discussions, Sun Capital has announced it is no longer considering an offer. Sources suggest the […]
Expanding the range of services it offers to its customers saw NR Evans’ turnover and pre-tax profit soar in the last financial year.
Major management restructuring in the face of declining revenues at the UK International division of TNT Express has also seen ‘a handful’ of top executives made redundant, Motortransport.co.uk has learnt.
Eddie Stobart’s holding company GreenWhiteStar Acquisitions (GWSA), which was sold to Culina Group last week, made a £15m loss last year and had net debts of £144.5m.