Sun Capital pulls from Clipper Logistics bid

Private equity firm Sun Capital has indicated it will now not be making an offer to buy out Clipper Logistics.

In November, London Stock Exchange-listed Clipper Logistics announced it had received a preliminary offer from Sun Capital. The original December deadline was extended to January “to allow further time for the ongoing discussions to take place”.

Currently Sun Capital has a portfolio that includes brands such as bed retailer Dreams.

Turnover at Clipper rose 11.7% to £254.6 million for the six months to 31 October compared to 2018, while operating profit grew 13.5% to £12.1 million. 


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