Bridgepoint sells Lynx Express to UPS

Private equity firm Bridgepoint has sold its majority ownership of Lynx Express, one of the UK’s largest independent parcel carriers, to the global carrier, UPS. Nuneaton-based Lynx Express, in addition to its parcel delivery service, offers customers a broad suite of logistics and spare parts logistics services via a strong nationwide network and a 3000-strong, experienced workforce. The company has grown substantially since it was the subject of a Bridgepoint-backed £34.3m management buyout in 1997 with sales in 2004 of £170m. Lynx’s customers include some of the most recognised international brands across a broad range of industries.