HIG Capital Exclusive: £315m Acquisition of DX Group Explained

HIG Capital, the private equity giant has acquired Parcel delivery company, DX Group, at an agreed takeover price of £315 million.

Under the terms of the acquisition, DX shareholders will receive 47.5p per share in cash and a final dividend of 1p per share for the year ended July 1, 2023.

This represents a premium of about one-third compared to DX’s closing price on September 8, 2023,