Derby based professionals help Derby Express Couriers deliver MBO
Dains Corporate Finance has acted as lead advisor on the management buyout of total logistics providers Derby Express Couriers (Overnight) Limited. The management buyout was led by the directors Lorraine Sharp and Susan Hill, whereby they acquired the company from founding shareholder Nick Taylor. The business, renowned for reliability, quality of service and customer care is a total logistics provider offering overnight parcel deliver services, a next-day pallet service and a worldwide delivery service.
During her 12 years working at Derby Express, Lorraine has driven the business forward resulting in a number of awards for quality and service. Susan has been instrumental in growing both the sales team and customer base.
The MBO means Lorraine and Susan can now lead the business during the next phase of its development and build on its already strong reputation.
The difference we made
Time was of the essence for this deal with the vendor wanting a quick completion within a 4 week timeframe. Dains rose to the challenge and as a result we were able to work quickly to produce a business plan and meet with potential funders to gain their appetite for the deal, enabling quick turnaround ability. Our endeavour to work efficiently and effectively whilst prioritising all of our clients means that we are able to meet tight deadlines and exceed our clients expectations.
What our client said
Lorraine commented: “Susan and I are privileged to be able to lead the business to the next stage. We take pride in offering a quality and reliable service to all our customers and are completely committed to keeping our customers and staff at the heart of all that we do. We had great support from our team at Dains through-out the MBO process meaning we could remain focussed on running the business on a day-to-day basis.”
What we said
Jenny Moore of Dains Corporate Finance commented: "Lorraine and Susan have a fantastic opportunity to shape the future of the business as owners. A number of Derby based professionals worked on this important transaction and its completion is a testament to the quality of advisers working in the East Midlands.”