PINSENTS DELIVERS DEAL FOR VENDORS IN £89 MILLION NIGHTFREIGHT SBO
PINSENTS DELIVERS DEAL FOR VENDORS IN £89 MILLION NIGHTFREIGHT SBO
Read MoreTag: UK
UK Post Office® signals entrance to residential home phone market
The Post Office® has signed up with Cable & Wireless to provide a fixed line phone service for millions of customers throughout the UK. The Post Office® has also chosen Inkfish to provide call centre support and Servista for customer care and billing services for the new venture. Called Post Office® HomePhone, the new service will be available to 21 million customers who use BT as a fixed line telephone provider and will launch early next year.
Read MoreUSPS statement on agreement with GLS
In January 2002, the United States Postal Service announced an agreement with Royal Mail to use their pan European delivery network to deliver Global Express Mail and Air Parcel Post to 23 countries. This agreement formally expires on December 31, 2004 and the Postal Service and Royal Mail have mutually agreed to let the contract expire on that date. The Postal Service will revert to the individual Foreign Postal Administration for delivery of these two products in each country that Royal Mail’s subsidiary, GLS, served effective January 1, while GLS will continue to focus on its core product: Business to Business deliveries utilizing commercial customs clearance.
Read MorePinsents delivers deal for vendors in GBP89m Nightfreight SBO
A specialist legal team from Pinsents has advised the selling shareholders of Nightfreight Group, the UK’s leading overnight carrier for non-standard freight of irregular weight and dimension (IDW) on the GBP89 million secondary buyout of the company. The deal is backed by The Royal Bank of Scotland Debt Ventures, which has invested pounds sterling 77 million. The balance of the funding has come from the selling shareholders, Barclays Private Equity (BPE) and Nightfreight management. Management will hold almost 50% of the new company.
Read MorePanalpina acquires Grampian International Freight
Panalpina acquires Grampian International Freight
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