3i leads the race for GBP 210 million logistics group
Private equity firm 3i is poised to acquire niche logistics company Marken from Deutsche Post for about GBP210m (EUR306 million). Sources said 3i is now in exclusive talks with Deutsche Post advisers UBS to buy Marken, part of Exel, after submitting a higher bid than rival contenders. Marken provides specialist courier services to the medical, pharmaceutical, media, professional, fashion and high technology industries. It is not clear why Deutsche Post and Exel have decided to offload Marken.
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