King & Spalding Reps Group In $469M Eddie Stobart Buy

Law360, New York (March 6, 2014, 2:36 PM EST) -- A management team backed by private equity firm DouglasBay Capital PLC has bought for £280.8 million ($469.4 million) in cash and stock a majority stake in U.K. transport and distribution business Eddie Stobart Logistics from parent Stobart Group Ltd., Stobart said Thursday.

The DouglasBay-backed group, which includes Stobart Group chief operating officer William Stobart, snatches up from Stobart a 51 percent stake in Eddie Stobart Logistics, which provides trucking, storage and handling services. The deal is broken down to £195.6 million in cash, £44.1 million in...
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