We provided financial and tax advice to the management team of Menzies Distribution Limited (MDL) on its acquisition by funds managed by private equity house Endless LLP from John Menzies plc. The total enterprise value for the acquisition was £74.5 million.
Menzies Distribution Limited
Headquartered in Edinburgh, MDL operates one of the largest overnight logistics networks in the UK and Ireland employing approximately 3,700 people across 54 sites. Its core business is the distribution of over 6.5 million newspapers and magazines each day. Whilst continuing to be the partner of choice for publishers, the company has embarked upon a successful diversification strategy, harnessing its unique UK and Ireland network capabilities to work with national parcel carriers and to develop an innovative solution for retailers.
Andy Parker, Corporate Finance Partner, said:
“The deal represents another great example of our capability to provide integrated financial and tax advice to management teams participating in a private equity-led transaction. Recent deals include Jigsaw24 (Alcuin Capital), Virgin Experience Days (Inflexion Private Equity) and Genesis Dental (August Equity). We wish management and Endless every success.”