HIG Capital completes take-private of DX Group

DX is a mail and logistics company.

  • DX is based in Slough, England
  • HIG is a global alternative investment firm
  • The firm is based in Miami, Florida

HIG Capital has completed the public-to-private acquisition of DX Group for an aggregate consideration of £307 million ($389.4 million; €358.8 million).

Slough, England-based DX is a mail and logistics company. It operates through two divisions, DX Freight and DX Express.

“We are well positioned to continue pushing forward with our plans for growth and to further capitalise on our leading position in the IDW segment, with additional significant opportunities in our 2-Man, Logistics and Express Parcels divisions,” said Paul Ibbetson, CEO of DX.

HIG made an all-cash offer of 48.5p per share for DX in September 2023.

HIG is a global alternative investment firm with $60 billion of capital under management. It is based in Miami, Florida.