The boards of delivery and logistics services business DX and H.I.G. have reached agreement on the terms of a recommended cash acquisition by Bidco, which is an indirectly wholly-owned subsidiary of funds advised or managed by H.I.G., of the entire issued and to be issued share capital of DX. This values the DX business at £314.8m.
Tobias Borkowski, managing director of H.I.G. said: “DX has long established itself as a leading provider of specialist delivery services in the UK, supported by a strong management team, diligent workforce and well-invested infrastructure. We look forward to partnering with the DX management team in accelerating DX’s next phase of growth.”
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