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.
De Scorbiac was responsible for the Accenture Venture fund's activities in Europe
GP sells the Dutch employment agency to its CEO, ending its three-years ownership
Financing for the acquisition was provided by Santander Corporate and Commercial Banking
Sussex Place Ventures, Contour Ventures, Partnership Fund and Outrun Ventures also take part