HIG Capital/DX Group
Transaction details
- Notification date:20 November 2023
- Publication date:20 November 2023
- Economic sector:Transportation & storage - H
- Economic sub-sector:Postal and courier activities - H.53
- Simplified merger:Yes
- Outcome:Cleared
HIG Capital LLC
HIG Capital LLC specialises in providing both debt and equity capital to small and mid-sized companies. HIG Capital's infrastructure funds invest in a wide range of businesses with infrastructure characteristics, with a focus on traditional infrastructure sectors such as TMT, power and transport.
Transit Bidco Limited is a private limited company incorporated in England which is indirectly wholly-owned by funds advised or managed by HIG Capital or its affiliates. Transit Bidco Limited was formed for the purposes of the Proposed Transaction.
DX (Group) plc
DX Group is a provider of a wide range of delivery services, including parcel freight, secure, courier and logistics services. DX Group operates through two divisions:
- DX Freight: DX freight provides collection and overnight delivery of larger and heavier items, including those with irregular dimensions and weight, to businesses and residential addresses in the UK, via the DX freight central hub and depots.
- DX Express: DX Express provides collection and express delivery of time-sensitive items for business-to-business and business-to-consumer customers, via the DX Express hub and its UK and Ireland network.
